Shares of Weatherford International plc (NYSE:WFT) Sees Large Inflow of Net Money Flow

Weatherford International plc (NYSE:WFT) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $6.57 with a loss of -0.01 points or -0.15%. The net money flow was $6.92 million and the up/down ratio was 1.65. Approximately $17.53 million was the inflow in upticks and $10.61 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of 7.35%.The shares witnessed a block transaction with a net money flow of $5.38 million. The total money in uptick was $5.93 million and in downtick was $0.55 million with the up/down ratio reaching 10.73.


Currently the company Insiders own 1.1% of Weatherford International plc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 15.1% . Institutional Investors own 81.87% of Weatherford International plc shares. During last six month period, the net percent change held by insiders has seen a change of 14.7%. On the companys insider trading activities, Kalman Francis S, director of Weatherford International Plc had purchased 30,000 shares on May 9, 2016 in a transaction. The price per share was $5.29 and the total amount of the disclosed transaction was $158,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Weatherford International plc (NYSE:WFT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.15% at $6.57 with 23,434,779 shares getting traded. Post opening the session at $6.38, the shares hit an intraday low of $6.34 and an intraday high of $6.71 and the price was in this range throughout the day. The company has a market cap of $5,885 million and the number of outstanding shares have been calculated to be 895,690,430 shares. The 52-week high of Weatherford International plc (NYSE:WFT) is $14.09 and the 52-week low is $4.71.

Many analysts have stated their opinion on the company shares. Barclays upgrades its rating on Weatherford International plc (NYSE:WFT). The global brokerage major raises the current price target from $7 per share to $8 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on June 6, 2016.

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