Large Outflow of Money Witnessed in Continental Resources

Continental Resources (CLR) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (6.13 million) in Continental Resources (CLR). On Tuesday, The value of composite uptick trades was $38.43 million, whereas, the value of composite downtick trades was $44.56 million and the ratio between the two was 0.86, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $5.24 million. $1.06 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.2. The negative money flow of ($4.18 million) shows selling on strength. Continental Resources (CLR) gained $3.31 intraday at $45.75 and registrered 7.8% for the week.


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 -9.86% . Institutional Investors own 23.45% of Continental Resources shares. During last six month period, the net percent change held by insiders has seen a change of -9.86%. In an insider trading activity, Hamm Harold, Director Officer 10% Owner (Ceo & Chairman) of CONTINENTAL RESOURCES, INC, unloaded 180,505,408 shares at an average price of $19.39 on September 16, 2015. The total amount of the transaction was worth $3,499,999,861, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Continental Resources, Inc. rose by 4.21% in the last five trading days and 12.13% for the last 4 weeks. Continental Resources, Inc. is up 35.56% in the last 3-month period. Year-to-Date the stock performance stands at 99.09%.

Continental Resources (NYSE:CLR): stock turned positive on Tuesday. Though the stock opened at $43.68, the bulls momentum made the stock top out at $45.79 level for the day. The stock recorded a low of $43.35 and closed the trading day at $45.75, in the green by 7.80%. The total traded volume for the day was 4,755,529. The stock had closed at $42.44 in the previous days trading.

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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