Oi (OIBR): Heavy Pre-Market Activity

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Trade-Ideas LLC identified Oi ( OIBR) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Oi as such a stock due to the following factors:

  • OIBR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $27.8 million.
  • OIBR traded 3.8 million shares today in the pre-market hours as of 9:15 AM, representing 11.2% of its average daily volume.

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More details on OIBR:

Oi S.A., through its subsidiaries, provides integrated telecommunication services for residential customers, companies, and governmental agencies in Brazil. It operates in three segments: Fixed-Line and Data Transmission Services, Mobile Services, and Other Services. The stock currently has a dividend yield of 50.8%. Currently there is 1 analyst that rates Oi a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Oi has been 19.3 million shares per day over the past 30 days. Oi has a market cap of $1.1 billion and is part of the technology sector and telecommunications industry. Shares are down 57.7% year-to-date as of the close of trading on Monday.

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