Alcatel-Lucent (ALU) Moving On Heavy Pre-Market Trading

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

  • ALU has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.0 million.
  • ALU traded 1.4 million shares today in the pre-market hours as of 7:48 AM, representing 21.7% of its average daily volume.

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More details on ALU:

Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra-broadband fixed and wireless access to service providers and their customers, enterprises, and institutions worldwide. The company operates in three segments: Core Networking, Access, and Other. The stock currently has a dividend yield of 5.3%. Currently there are 3 analysts that rate Alcatel-Lucent a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for Alcatel-Lucent has been 8.8 million shares per day over the past 30 days. Alcatel-Lucent has a market cap of $10.3 billion and is part of the technology sector and telecommunications industry. Shares are down 15.2% year-to-date as of the close of trading on Tuesday.

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