Active Momentum Stocks in New Buzz: Vodafone Group (NASDAQ:VOD), Fortuna Silver Mines (FSM)

Vodafone Group Plc (NASDAQ:VOD) [Trend Analysis] retains strong position in active trade, as shares scoring -2.56% to $25.26 in a active trade session, while looking at the shares volume, around 1.69 Million shares have changed hands in this session. Telecom operator, Vodafone (VOD) has officially launched its new postpaid Vodafone Red plans with unlimited calls and associated data benefits. With the unveiling, the company has detailed two new plans.

Earlier in the month, the company introduced Vodafone Red, with four new plans offering unlimited calls and more data in a bid to combat Reliance Jio competition. And now, new additional plans of higher denominations have been introduced into the mix. Vodafone Red now has new Rs. 1,699 and Rs. 1,999 postpaid plans. The Rs. 1,699 Red postpaid plan comes with unlimited calls on home network as well as on roaming (i.e. free outgoing calls on roaming). It also comes with 100 text messages, and 20GB of bundled 4G/ 3G data for 4G smartphone users (16GB for non-4G smartphones).

The Rs. 1,999 postpaid offers all the same things but with 24GB of bundled 4G/ 3G data for 4G smartphone users (20GB for non-4G smartphones). The firm has institutional ownership of 10.70%, while insider ownership included 0.20%. VOD attains analyst recommendation of 2.00 with week’s performance of -2.26%. Investors looking further ahead will note that the Price to next year’s EPS is 31.28%.

Shares of Fortuna Silver Mines Inc. (NYSE:FSM) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -8.03% to close at $6.30. Fortuna Silver Mines Inc. (FSM) reported that it has entered into an contract with a syndicate of underwriters, co-led by Raymond James Ltd., BMO Capital Markets and Scotia Capital Inc., pursuant to which the Underwriters have agreed to buy on a bought deal basis, 10,325,000 common shares of the Company at a price of US$6.30 per Common Share, for total gross proceeds of approximately US$65.0 million.

The Company has also granted to the Underwriters an over-allotment option to purchase up to 1,548,750 additional Common Shares. The Over-Allotment Option will be exercisable for a period of 30 days following closing of the Offering. The stock is going forward its fifty-two week low with 171.55% and lagging behind from its 52-week high price with -35.38%. FSM last month stock price volatility remained 6.36%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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