Large Inflow of Money Witnessed in SM Energy Company

SM Energy Company (NYSE:SM) stock had a bullish inflow of $3.16 million worth of trades on uptick and an outflow of $2.2 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.43. The net money flow into the stock was $0.95 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.42 million. $0.42 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, SM Energy Company (NYSE:SM) stock traded down $0.1 , and reached $27.01, a drop of -0.38% over the previous day. On a weekly basis, the stock is -2.05%, over the previous weeks close.


In an insider trading activity, Vogel Herbert S, officer (EVP – Operations) of Sm Energy Co, executed a transaction worth $51,840 on February 26, 2016. A total of 6,000 shares were purchased at an average price of $8.64. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 1.7% of SM Energy Company shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 9.7%.

The company shares have dropped -37.99% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $45.98 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $29.93 and the 200 Day Moving Average price is recorded at $20.91. SM Energy Company (NYSE:SM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.71 and $26.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.78, notching a gain of 2.47% for the day. The total traded volume was 2,304,447 . The stock had closed at $27.11 on the previous day.

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region, which is managed from its office in Houston, Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region, which the Company operates from its office in Billings, Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region, which is managed from the Companys office in Midland, Texas and covers western Texas and southeastern New Mexico, and Mid-Continent Region, which is managed from the Companys office in Tulsa, Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.

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