Large Inflow of Money Detected in Weatherford International plc

Weatherford International plc (WFT) : Weatherford International plc (WFT) had a healthy money flow of $2.74 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $9 million, whereas, investors only sold shares worth $6.26 million on downticks. The stock closed the day with an up-down ratio of 1.44.The money flow in the block trades to the tune of $2.65 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $3.96 million worth of transactions were on upticks. A paltry $1.3 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.04. Weatherford International plc (WFT) stock slid $0.01 intraday and traded at 5.92, a change of -0.17% over previous days close. However, for the week, the company shares are -1.66% compared to previous weeks close.


Also, Imperial Capital initiates coverage on Weatherford International plc (NYSE:WFT) In a research note issued to the investors, the brokerage major announces price-target of $7 per share.The shares have been rated In-line. The rating by the firm was issued on June 24, 2016.

Weatherford International plc (NYSE:WFT): The stock opened at $5.86 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.02 for the day. The stock traded down to $5.73 during the day, due to lack of any buying support eventually closed down at $5.92 with a loss of -0.17% for the day. The stock had closed at $5.93 on the previous day. The total traded volume was 8,436,320 shares.

The stock has recorded a 20-day Moving Average of 3.03% and the 50-Day Moving Average is 1.86%. In a related news, Kalman Francis S, director of Weatherford International Plc had purchased 30,000 shares on May 9, 2016 in a transaction. The price per share was $5.29 and the total amount of the disclosed transaction was $158,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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