Stock Mover of the Day: IDT Corporation’s Stock Is Sell After Today’s Significant Decline

Stock Mover of the Day: IDT Corporation's Stock Is Sell After Today's Significant Decline

The stock of IDT Corporation (NYSE:IDT) is a huge mover today! About 146,889 shares traded hands or 42.41% up from the average. IDT Corporation (NYSE:IDT) has risen 35.49% since April 13, 2016 and is uptrending. It has outperformed by 31.56% the S&P500.
The move comes after 5 months negative chart setup for the $509.67 million company. It was reported on Nov, 15 by Barchart.com. We have $18.38 PT which if reached, will make NYSE:IDT worth $35.68 million less.

According to Zacks Investment Research, “IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards.”

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.43, from 1.07 in 2016Q1. The ratio improved, as 6 funds sold all IDT Corporation shares owned while 26 reduced positions. 16 funds bought stakes while 32 increased positions. They now own 12.31 million shares or 0.73% more from 12.22 million shares in 2016Q1.
Fmr Ltd Liability Corporation holds 0% or 126,430 shares in its portfolio. Blackrock Ltd has 18,562 shares for 0% of their US portfolio. The California-based Blackrock Fund Advisors has invested 0% in IDT Corporation (NYSE:IDT). Financial Bank Of Ny Mellon reported 387,749 shares or 0% of all its holdings. Numeric Invsts Lc has 172,878 shares for 0.02% of their US portfolio. Tfs Capital Limited Company, a Pennsylvania-based fund reported 93,480 shares. Teachers has 0% invested in the company for 46,239 shares. Putnam Limited Com has 0% invested in the company for 117,810 shares. Century Cos Incorporated holds 0.01% of its portfolio in IDT Corporation (NYSE:IDT) for 503,118 shares. Jpmorgan Chase And Communication holds 225,392 shares or 0% of its portfolio. Denali Advsrs Ltd Liability Co has invested 0% of its portfolio in IDT Corporation (NYSE:IDT). Lsv Asset Mngmt last reported 0% of its portfolio in the stock. Bridgeway Capital Mngmt Incorporated last reported 0.01% of its portfolio in the stock. The California-based Menta Cap Ltd Liability Co has invested 0.06% in IDT Corporation (NYSE:IDT). Deere owns 19,241 shares or 0.01% of their US portfolio.

Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 11 selling transactions for $3.62 million net activity. MASON JOYCE J had sold 4,555 shares worth $80,452. $302,754 worth of IDT Corporation (NYSE:IDT) was sold by JONAS HOWARD S on Thursday, October 13. COSENTINO ERIC F. had sold 2,600 shares worth $35,176 on Tuesday, June 14. PEREIRA BILL sold $231,369 worth of stock.

More important recent IDT Corporation (NYSE:IDT) news were published by: Prnewswire.com which released: “IDT Corporation Announces Investment in Cornerstone Pharmaceuticals” on November 10, 2016, also Seekingalpha.com published article titled: “IDT Corporation: Upcoming Spinoff To Unlock Hidden Sum Of The Parts Value”, Nasdaq.com published: “IDT Corporation (IDT) Ex-Dividend Date Scheduled for October 06, 2016” on October 05, 2016. More interesting news about IDT Corporation (NYSE:IDT) was released by: Seekingalpha.com and their article: “IDT Corporation’s (IDT) CEO Shmuel Jonas on Q3 2016 Results – Earnings Call …” with publication date: June 02, 2016.

IDT Company Profile

IDT Corporation, incorporated on December 22, 1995, is a holding firm with activities primarily in the telecommunications and payment industries. The Company’s divisions include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination. The Company’s Consumer Phone Services segment provides consumer local and long distance services in certain states of the United States. The Telecom Platform Services and Consumer Phone Services divisions comprise the Company’s IDT Telecom division. The All Other segment includes its real estate holdings and other smaller businesses.

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