Shares of Carrizo Oil & Gas (CRZO) Sees Large Outflow of Money

Carrizo Oil & Gas (CRZO) : The value of composite uptick trades was $1.88 million, whereas, the value of composite downtick trades was $2.93 million. The uptick to downtick ratio stood at 0.64 with a negative money flow of ($1.05) Million during Mondays trading session. The block trades money flow was negative ($0 million). The transaction of the trades on downticks amounted to $0 million, which confirms investors selling on the strength of price. Carrizo Oil & Gas (CRZO) gained 109 cents at $37.47, an increase of 3% over the previous days close.


Shares of Carrizo Oil & Gas Inc. rose by 4.71% in the last five trading days and 5.79% for the last 4 weeks. Carrizo Oil & Gas Inc. is up 3.19% in the last 3-month period. Year-to-Date the stock performance stands at 27.79%.

Carrizo Oil & Gas (NASDAQ:CRZO): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.94 and $36.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.80, notching a gain of 3.90% for the day. The total traded volume was 1,830,211 . The stock had closed at $36.38 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Carrizo Oil & Gas Inc, Wojtek Frank A had sold 1,750 shares worth of $59,465 in a transaction dated August 5, 2016. In this transaction, 1,750 shares were sold at $33.98 per share.

Carrizo Oil & Gas, Inc. (Carrizo) is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Companys core Eagle Ford properties are located in LaSalle County in McMullen, Frio and Atascosa counties in Texas. It has joint venture arrangements with GAIL GLOBAL (USA) INC. (GAIL), which is a wholly owned subsidiary of GAIL (India) Limited. The Company serves as an operator of the properties covered by its Niobrara joint venture arrangements. The Companys activities in the Marcellus are conducted through two joint ventures.

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