Shares of Weatherford International plc (NYSE:WFT) Sees Large Outflow of Money

Weatherford International plc (NYSE:WFT) traded on a positive note gaining 0.12 points or 1.89% to be valued at $6.19 per share. Intraday, the shares aggregated $5 million in upticks but saw an exodus of $7.44 million in downticks. The net money flow was calculated to be $(-2.44) million with the final up/down ratio coming in at 0.67. The share price has seen a change of 3.6% in value during the week. Block trade of up/down ratio of 0.29 was also registered with $0.82 million in upticks and $2.87 million in downticks. The net money flow for the block exchange was disappointing at $(-2.05) Million.


The stock has recorded a 20-day Moving Average of 2.3% and the 50-Day Moving Average is 5.69%. The company shares have dropped 54.53% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $13.54 and one year low was seen on May 20, 2016 at $4.71. The 50-day moving average is $6.02 and the 200 day moving average is recorded at $6.99. S&P 500 has rallied 1.93% during the last 52-weeks.

Weatherford International plc (NYSE:WFT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.04 and $5.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.19, notching a gain of 1.98% for the day. The total traded volume was 11,212,810 . The stock had closed at $6.07 on the previous day.

Currently the company Insiders own 1.1% of Weatherford International plc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 15.1% . Institutional Investors own 81.87% of Weatherford International plc shares. During last six month period, the net percent change held by insiders has seen a change of 14.7%. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Weatherford International Plc, Kalman Francis S had purchased shares worth of $158,700 in a transaction dated on May 9, 2016. A total of 30,000 shares were purchased at a price of $5.29 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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