Large Outflow of Money Witnessed in Weatherford International plc

Weatherford International plc (WFT) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (11.97 million) in Weatherford International plc (WFT). On Tuesday, The value of composite uptick trades was $17.16 million, whereas, the value of composite downtick trades was $29.13 million and the ratio between the two was 0.59, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $14.58 million. $3.73 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.26. The negative money flow of ($10.85 million) shows selling on strength. Weatherford International plc (WFT) gained $0.54 intraday at $5.91 and registrered 10.06% for the week.


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 14.67% . Institutional Investors own 93.89% of Weatherford International plc shares. During last six month period, the net percent change held by insiders has seen a change of 14.26%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Weatherford International Plc, Kalman Francis S, had purchased 30,000 shares in a transaction dated on May 9, 2016. The transaction was executed at $5.29 per share with total amount equaling $158,700.

Shares of Weatherford International plc appreciated by 6.68% during the last five trading days but lost 10.18% on a 4-week basis. Weatherford International plc has dropped 20.99% during the last 3-month period . Year-to-Date the stock performance stands at -29.56%.

Weatherford International plc (NYSE:WFT): stock turned positive on Tuesday. Though the stock opened at $5.54, the bulls momentum made the stock top out at $6.11 level for the day. The stock recorded a low of $5.52 and closed the trading day at $5.91, in the green by 10.06%. The total traded volume for the day was 33,395,741. The stock had closed at $5.37 in the previous days trading.

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