Company Shares of Rex Energy Corporation (NASDAQ:REXX) Drops by -6.82%

Rex Energy Corporation (NASDAQ:REXX) : During the past 4 weeks, traders have been relatively bearish on Rex Energy Corporation (NASDAQ:REXX), hence the stock is down -23.82% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8% relative to the S&P 500. The 4-week change in the price of the stock is -22.59% and the stock has fallen -6.82% in the past 1 week.

The company shares have dropped -82.02% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $3.82 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $0.75 and the 200 Day Moving Average price is recorded at $0.86.

The stock has recorded a 20-day Moving Average of 13.61% and the 50-Day Moving Average is 14.48%.


Rex Energy Corporation (NASDAQ:REXX): stock turned positive on Friday. Though the stock opened at $0.65, the bulls momentum made the stock top out at $0.684 level for the day. The stock recorded a low of $0.65 and closed the trading day at $0.6609, in the green by 1.68%. The total traded volume for the day was 1,034,597. The stock had closed at $0.65 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Chief Accounting Officer) of Rex Energy Corp, Walker Curtis J had purchased shares worth of $4,940 in a transaction dated on August 25, 2015. A total of 1,900 shares were purchased at a price of $2.6 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities. In the Illinois Basin, the Company is focused on its developmental oil drilling and the implementation of enhanced oil recovery (EOR) on its properties. In addition to its drilling and exploration activities, the Company is also engaged in oil and gas field services, where the Company provides water sourcing, water disposal and water transfer solutions for completion operations. The Company operates in two business segments: exploration and production and field services. Its core leasehold consists of interests in developed and undeveloped crude oil, NGL and natural gas resources located in the Appalachian and Illinois basins.

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