Stock Investors Sell Off Shares of NII Holdings, Down 4.0%

Published on Wed, 01/02/2013 - 13:25
By Robert Cotter in Market movers, NIHD, market movers, nasdaq:nihd, nii holdings

NII Holdings (NASDAQ:NIHD) is one of today's biggest movers, down 4.0% to $6.84. The S&P is currently trading 1.7% higher to 1,450 and the Dow Jones Industrial Average is trading 1.7% higher to 13,323.

NII Holdings has overhead space with shares priced $6.84, or 29.1% below the average consensus analyst price target of $9.66. The stock should find resistance at its 200-day moving average (MA) of $9.70, as well as support at its 50-day MA of $6.26.

Over the past year, NII Holdings has traded in a range of $4.75 to $24.32 and is now at $6.84, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 1.9%.

NII Holdings Inc., provides mobile communications for business customers in Latin America. The Company has operations in Argentina, Brazil, Chile, Mexico, and Peru, offering a fully integrated wireless communications tool with digital cellular service, text/numeric paging, wireless internet access, and Nextel DirectConnect, a digital two-way radio feature.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Shares of Xerox Rise Above Previous 52-W...

Shares of Xerox (NYSE:XRX) traded today at $13.29, breaking its 52-week high. So far t ...

Recent 52-Week High Exceeded in Shares o...

Shares of Weingarten Realty Investors (NYSE:WRI) traded at a new 52-week high today of ...

Shares of VCA Antech Rise to a New 52-We...

VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $39.50. So far today ap ...

Westmoreland Coal: The Winning Streak Co...

Shares of Westmoreland Coal (AMEX:WLB) traded at a new 52-week high today of $43.45. T ...

Shares of Windstream Rise Above Previous...

Windstream (NASDAQ:WIN) traded today at a new 52-week high of $10.57. Approximately 3. ...

Titan International: The Losing Streak C...

Shares of Titan International (NYSE:TWI) traded today at $13.97, breaking its 52-week l ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded at a new 52-week low today of $73.72. Th ...

Watch for Continued Gains in Shares of T...

Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded today at $18.50, breaking its 52- ...