Stock On Watch: Could IDT Corporation Change Direction After Today’s Significant Increase?

Stock On Watch: Could IDT Corporation Change Direction After Today's Significant Increase?

The stock of IDT Corporation (NYSE:IDT) is a huge mover today! About 144,823 shares traded hands or 33.94% up from the average. IDT Corporation (NYSE:IDT) has risen 32.98% since April 20, 2016 and is uptrending. It has outperformed by 28.43% the S&P500.
The move comes after 6 months positive chart setup for the $532.95M company. It was reported on Nov, 22 by Barchart.com. We have $23.10 PT which if reached, will make NYSE:IDT worth $15.99 million more.

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 decreased to 1.36 in 2016 Q2. Its down 0.14, from 1.5 in 2016Q1. The ratio worsened, 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.
Bankshares Of America Corp De, a North Carolina-based fund reported 23,846 shares. Renaissance Limited Co, a New York-based fund reported 1.28M shares. Seizert Partners Ltd Liability Corporation accumulated 0.01% or 13,518 shares. Creative Planning, a Kansas-based fund reported 132 shares. Moreover, Geode Mngmt Ltd Liability has 0% invested in IDT Corporation (NYSE:IDT) for 239,506 shares. Alliancebernstein Ltd Partnership, a New York-based fund reported 13,600 shares. State Common Retirement Fund accumulated 0% or 24,068 shares. Springbok Capital Ltd Com last reported 0.02% of its portfolio in the stock. Federated Pa last reported 0% of its portfolio in the stock. Rhumbline Advisers has 41,696 shares for 0% of their US portfolio. Menta Cap Limited Liability Com, a California-based fund reported 29,205 shares. Guggenheim Cap Ltd last reported 0% of its portfolio in the stock. Denali Advsr Ltd Liability Company owns 49 shares or 0% of their US portfolio. Bridgeway Cap Management last reported 50,567 shares in the company. California State Teachers Retirement Systems has 0% invested in the company for 36,393 shares.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 11 selling transactions for $3.62 million net activity. Another trade for 2,600 shares valued at $35,176 was made by COSENTINO ERIC F. on Tuesday, June 14. PEREIRA BILL also sold $231,369 worth of IDT Corporation (NYSE:IDT) on Monday, October 17. $860,929 worth of IDT Corporation (NYSE:IDT) shares were sold by JONAS HOWARD S. $80,452 worth of IDT Corporation (NYSE:IDT) was sold by MASON JOYCE J on Tuesday, October 18.

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”, Seekingalpha.com published: “IDT Corporation’s (IDT) CEO Shmuel Jonas on Q3 2016 Results – Earnings Call …” on June 02, 2016. More interesting news about IDT Corporation (NYSE:IDT) was released by: Nasdaq.com and their article: “IDT Corporation (IDT) Ex-Dividend Date Scheduled for October 06, 2016” with publication date: October 05, 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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