Shares of Continental Resources (NYSE:CLR) Sees Large Outflow of Money

Continental Resources (NYSE:CLR) traded on a positive note gaining 0.74 points or 1.71% to be valued at $44 per share. Intraday, the shares aggregated $9.28 million in upticks but saw an exodus of $11.11 million in downticks. The net money flow was calculated to be $(-1.83) million with the final up/down ratio coming in at 0.84. The share price has seen a change of 3.21% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $1.08 million in downticks. The net money flow for the block exchange was disappointing at $(-1.08) Million.


The stock has recorded a 20-day Moving Average of 7.29% and the 50-Day Moving Average is 14.01%. The company shares have dropped 2.28% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $44.77 and one year low was seen on January 20, 2016 at $13.94. The 50-day moving average is $40.96 and the 200 day moving average is recorded at $29.58. S&P 500 has rallied 1.93% during the last 52-weeks.

Continental Resources (NYSE:CLR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.06 and $42.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.09, notching a gain of 4.23% for the day. The total traded volume was 3,746,494 . The stock had closed at $43.26 on the previous day.

Currently the company Insiders own 76.97% of Continental Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.2% . Institutional Investors own 23.48% of Continental Resources shares. During last six month period, the net percent change held by insiders has seen a change of -9.2%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hart John D, officer (Sr. VP & CFO) of Continental Resources, Inc, had unloaded 13,500 shares at an average price of $42.54 in a transaction dated on June 14, 2016. The total value of the transaction was worth $574,290.

Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company. The Company owns properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River, including various plays in the South Central Oklahoma Oil Province (SCOOP), Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.

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