Technical Roundup on Wireless Communications Stocks -- xG Technology, NII Holdings, China Mobile, and Inteliquent
NEW YORK, January 19, 2017 /PRNewswire/ --
For today, Stock-Callers.com draws investors' attention to four equities in the Wireless Communications space: xG Technology Inc. (NASDAQ: XGTI), NII Holdings Inc. (NASDAQ: NIHD), China Mobile Ltd (NYSE: CHL), and Inteliquent Inc. (NASDAQ: IQNT). These companies belong to the Technology sector which continued to scratch out small gains on Wednesday, January 18th, 2017, with shares of Tech companies in the S&P 500 posting a 0.2% advance. Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration
xG Technology
Sarasota, Florida headquartered xG Technology Inc.'s stock finished Wednesday's session 7.32% lower at $1.90, with a total trading volume of 1.59 million shares. Over the last month and the previous three months, the Company's shares have surged 468.86% and 331.82%, respectively. Additionally, the stock has gained 40.74% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 106.63% and 113.32%, respectively. Moreover, shares of xG Technology, which engages in the development of communication technologies for wireless networks worldwide, have a Relative Strength Index (RSI) of 56.29.
On January 17th, 2017, xG Technology announced that the Company has paid off debt incurred from the acquisition of Integrated Microwave Technologies and earlier than required in the original acquisition agreement. xG completed the $3 million acquisition of IMT on January 29th, 2016, using debt financing from the seller, Skyview Capital, LLC. xG subsequently recorded a bargain purchase gain on the acquisition of approximately $2.7 million after receiving an independent valuation of the assets acquired. XGTI complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=XGTI
NII Holdings
Shares in Reston, Virginia-based NII Holdings Inc. dropped 9.09%, ending yesterday's session at $3.00, with a total trading volume of 361,351 shares. The stock has gained 57.89% in the past month, 3.45% in the previous three months, and 39.53% on an YTD basis. The Company's shares are trading 36.21% above their 50-day moving average. Moreover, shares of NII Holdings, which provides wireless communication services under the Nextel brand in Brazil, have an RSI of 61.90. The complimentary report on NIHD can be downloaded at:
http://stock-callers.com/registration/?symbol=NIHD
China Mobile
On Wednesday, Central, Hong Kong-based China Mobile Ltd.'s stock climbed 0.49%, to close the day at $55.54. A total volume of 562,183 shares was traded. The Company's shares have advanced 5.23% in the last one month and 5.93% on an YTD basis. The stock is trading 2.66% above its 50-day moving average. Additionally, shares of China Mobile, which provides mobile telecommunications and related services in Mainland China and Hong Kong, have an RSI of 67.05.
On January 18th, 2017, Brocade announced that China Mobile has selected an advanced network functions virtualization solution from Brocade to support its most strategic corporate development initiative. Deployment of the Brocade® Virtual Traffic Manager (vTM) within key China Mobile data centers will help the company deliver highly available and agile cloud services, while keeping operating costs under control. Sign up for your complimentary report on CHL at:
http://stock-callers.com/registration/?symbol=CHL
Inteliquent
Shares in Chicago, Illinois headquartered Inteliquent Inc. ended the day 0.04% lower at $22.93. A total volume of 278,049 shares was traded. The stock has gained 0.61% in the last one month, 37.14% in the previous three months, and 0.04% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.15% and 24.25%, respectively. Furthermore, shares of Inteliquent, which provides voice telecommunications services on a wholesale basis in the US and internationally, have an RSI of 50.43.
As per a SEC filing dated January 17th, 2017, Inteliquent held a special meeting of the Company's stockholders on January 17th, 2017. At the Special Meeting, the Company's stockholders considered and voted on: (i) a proposal to adopt the Agreement and Plan of Merger, dated as of November 02nd, 2016, by and among Onvoy, LLC, Onvoy Igloo Merger Sub, Inc. and the Company; (ii) a proposal to approve, on an advisory and non-binding basis, specified compensation that may become payable to the Company's named executive officers in connection with the proposed merger of Merger Sub with and into the Company; and (iii) a proposal to approve one or more adjournments of the Special Meeting, if necessary and to the extent permitted by the Merger Agreement, to solicit additional proxies. Each of the proposals was approved by the requisite holders of Common Stock. Download the research report for free on IQNT at:
http://stock-callers.com/registration/?symbol=IQNT
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