Flotek Industries (NYSE:FTK) has risen sharply, recording gains of 10.32% in the past 4 weeks. However, the stock has corrected -1.34% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.56% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 4.94% from its 1 Year high price. On Sep 3, 2015, the shares registered one year high at $21.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.72 and the 200 Day Moving Average price is recorded at $9.33.
The stock has recorded a 20-day Moving Average of 7.38% and the 50-Day Moving Average is 17.37%.
Flotek Industries (NYSE:FTK): stock turned positive on Friday. Though the stock opened at $13.65, the bulls momentum made the stock top out at $14.08 level for the day. The stock recorded a low of $13.44 and closed the trading day at $14.01, in the green by 5.50%. The total traded volume for the day was 702,470. The stock had closed at $13.28 in the previous days trading.
In an insider trading activity, Hardy Carla S., director of Flotek Industries Inc/Cn/, unloaded 2,794 shares at an average price of $7.85 on January 14, 2016. The total amount of the transaction was worth $21,933, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Flotek Industries, Inc. is a diversified, technology-driven company that develops and supplies oilfield products, services and equipment to the oil, gas and mining industries. The Company also develops and supplies compounds to companies that make cleaning products, cosmetics, food and beverages and other products for the consumer and industrial markets. The Company has four segments: Energy Chemical Technologies, Consumer and Industrial Chemical Technologies, Drilling Technologies and Production Technologies. The Companys customers primarily include major integrated oil and natural gas companies, oilfield service companies, independent oil and natural gas companies, pressure pumping service companies, international supply chain management companies, national and state-owned oil companies, household and commercial cleaning product companies, fragrance and cosmetic companies, and food manufacturing companies.