Shares of ConocoPhillips (NYSE:COP) Sees Large Outflow of Money

ConocoPhillips (NYSE:COP) traded on a positive note gaining 0.11 points or 0.25% to be valued at $44.8 per share. Intraday, the shares aggregated $49.04 million in upticks but saw an exodus of $71.97 million in downticks. The net money flow was calculated to be $(-22.93) million with the final up/down ratio coming in at 0.68. The share price has seen a change of 1.47% in value during the week. Block trade of up/down ratio of 0.38 was also registered with $9.66 million in upticks and $25.56 million in downticks. The net money flow for the block exchange was disappointing at $(-15.91) Million.


The stock has recorded a 20-day Moving Average of 0.34% and the 50-Day Moving Average is 0.56%. The company shares have dropped 29.25% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $63.55 and one year low was seen on February 11, 2016 at $31.05. The 50-day moving average is $44.21 and the 200 day moving average is recorded at $41.97. S&P 500 has rallied 1.93% during the last 52-weeks.

ConocoPhillips (NYSE:COP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.58 and $44.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.80, notching a gain of 0.25% for the day. The total traded volume was 6,783,276 . The stock had closed at $44.69 on the previous day.

Currently the company Insiders own 0.07% of ConocoPhillips shares according to the proxy statements. Institutional Investors own 63.6% of ConocoPhillips shares. During last six month period, the net percent change held by insiders has seen a change of 150%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Conocophillips, Murti Arjun N, had purchased 7,500 shares in a transaction dated on March 9, 2016. The transaction was executed at $39.24 per share with total amount equaling $294,300.

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. The Companys continuing operations are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company has major ownership interests in two of North Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.

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