Shares of ONEOK (NYSE:OKE) Sees Large Outflow of Money

ONEOK (NYSE:OKE) managed to stay afloat and traded higher with an addition of 0.04 point or 0.09% at $46.08. The money flow data is a negative $(-0.93) million with $4.77 million in upticks and $5.7 million in downticks. The intraday up/down ratio came in at 0.84. The shares have seen 1.12% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $1.21, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-1.21) million.


The stock has recorded a 20-day Moving Average of 5.55% and the 50-Day Moving Average is 17.81%. The company shares have rallied 13.29% in the past 52 Weeks. On June 9, 2016 The shares registered one year high of $46.79 and one year low was seen on December 18, 2015 at $18.84. The 50-day moving average is $42.4 and the 200 day moving average is recorded at $30.09. S&P 500 has rallied 1.93% during the last 52-weeks.

ONEOK (NYSE:OKE): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.96 and $45.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.81, notching a gain of 1.67% for the day. The total traded volume was 3,127,943 . The stock had closed at $46.04 on the previous day.

Currently the company Insiders own 0.9% of ONEOK shares according to the proxy statements. Institutional Investors own 75.03% of ONEOK shares. During last six month period, the net percent change held by insiders has seen a change of -18.81%. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Oneok Inc /New/, Derksen Brian L had purchased shares worth of $54,594 in a transaction dated on March 17, 2016. A total of 1,800 shares were purchased at a price of $30.33 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers, including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

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