Gulfport Energy Corporation (NASDAQ:GPOR) : Wednesdays money flow data in Gulfport Energy Corporation (NASDAQ:GPOR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $12.09 million, whereas, $11.01 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.1, in favor of the bulls. The total money flow into the stock was $1.07 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.8 million. The total value of block trades done on upticks was $1.6 million. The value of bearish trades on downticks was only $0.8 million.The up/down ratio in the block trades was a healthy 2 in favor of the bulls, suggesting strong buying in the stock by large traders. Gulfport Energy Corporation (NASDAQ:GPOR) fell $0.31 and traded at $31.52, down -0.97% for the day, over previous days close. On a weekly basis, the shares are 1.55% over the previous weeks close.
In an insider trading activity, The officer (Vice President of Geosciences), of Gulfport Energy Corp, Maier Stuart had unloaded 10,000 shares at $33.35 per share in a transaction on June 20, 2016. The total value of transaction was $333,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.39% of Gulfport Energy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.44% . Institutional Investors own 99.2% of Gulfport Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 4.38%.
The company shares have dropped -17.09% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $40.59 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $31.23 and the 200 Day Moving Average price is recorded at $27.79. Gulfport Energy Corporation (NASDAQ:GPOR): The stock opened at $32.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.34 for the day. The stock traded down to $31.44 during the day, due to lack of any buying support eventually closed down at $31.52 with a loss of -0.97% for the day. The stock had closed at $31.83 on the previous day. The total traded volume was 2,433,844 shares.
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States. It has developed an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Companys principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand.