Large Inflow of Money Witnessed in Oceaneering International

Oceaneering International (NYSE:OII) : Wednesdays money flow indicated an uptick to downtick ratio was at 2.04. The total value of inflow transactions on upticks was $0.68 million, whereas, the total value of outflow trades on downticks was $0.33 million. The total money flow was $0.34 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.36 million. The total value of the trades done on upticks was $0.36 million. Oceaneering International (NYSE:OII) was trading with a -0.28% change over previous days close. It fell $0.08 during the day and reached $28.54. The stock was -5.87% compared to the previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Collins T Jay, director of Oceaneering International Inc, had unloaded 20,000 shares at an average price of $33.05 in a transaction dated on May 31, 2016. The total value of the transaction was worth $661,000. Currently the company Insiders own 0.7% of Oceaneering International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -29.94% . Institutional Investors own 97.92% of Oceaneering International shares. During last six month period, the net percent change held by insiders has seen a change of -26.1%.

The company shares have dropped -37.80% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $48.11 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $32.30 and the 200 Day Moving Average price is recorded at $32.52. Oceaneering International (NYSE:OII): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.72 and $28.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.52, notching a gain of 3.14% for the day. The total traded volume was 1,888,740 . The stock had closed at $28.62 on the previous day.

Oceaneering International, Inc. is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Companys business segments are contained within two businesses, such as services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). The Companys four business segments within the Oil and Gas business includes Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Company also provides remote asset management software services. The Company provides services and products, such as remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, and asset integrity and non-destructive testing services. The Companys foreign operations are principally focused in the North Sea, Africa, Brazil, Australia and Asia.

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