Large Inflow of Money Witnessed in Cobalt International Energy

Cobalt International Energy (NYSE:CIE) : Cobalt International Energy (NYSE:CIE) had a healthy money flow of $0.33 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $1.32 million, whereas, investors only sold shares worth $0.98 million on downticks. The stock closed the day with an up-down ratio of 1.34.The money flow in the block trades to the tune of $0.22 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.4 million worth of transactions were on upticks. A paltry $0.19 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.19. Cobalt International Energy (NYSE:CIE) stock slid $0.04 intraday and traded at 1.37, a change of -2.84% over previous days close. However, for the week, the company shares are -25.14% compared to previous weeks close.


In an insider trading activity,The officer (Executive Vice President) of Cobalt International Energy, Inc., Painter James H. sold 5,879 shares at $2.18 on February 19, 2016. The Insider selling transaction had a total value worth of $12,816. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 2.8% of Cobalt International Energy shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -1.8%.

The company shares have dropped -84.84% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $9.82 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $2.23 and the 200 Day Moving Average price is recorded at $3.15. Cobalt International Energy (NYSE:CIE): The stock opened at $1.46 on Wednesday but the bulls could not build on the opening and the stock topped out at $1.48 for the day. The stock traded down to $1.36 during the day, due to lack of any buying support eventually closed down at $1.37 with a loss of -2.84% for the day. The stock had closed at $1.41 on the previous day. The total traded volume was 5,811,640 shares.

Cobalt International Energy Inc. is an independent exploration and production company with operations in the deepwater the United States Gulf of Mexico and offshore Angola and Gabon in West Africa. The Company operates in two segments: the U.S. Gulf of Mexico and West Africa. The Company is focused on drilling exploration wells on its below-salt exploration portfolio, which has resulted in the ten discoveries. The Companys ten discoveries consist of North Platte, Heidelberg, Shenandoah and Anchor in the United States Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar and Orca offshore Angola; and Diaman offshore Gabon. In addition, it has interest in the Yucatan discovery in the United States Gulf of Mexico. With these discoveries, its focus areas include project appraisal and development, continued exploration and new ventures.

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