Shares of Concho Resources (CXO) Sees Large Inflow of Net Money Flow

Concho Resources (CXO) : Tuesdays money flow indicated an uptick to downtick ratio was at 1.29. The total value of inflow transactions on upticks was $28.39 million, whereas, the total value of outflow trades on downticks was $22.05 million. The total money flow was $6.34 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $7.51 million. The total value of the trades done on upticks was $7.51 million. Concho Resources (CXO) was trading with a -0.09% change over previous days close. It fell $0.11 during the day and reached $118.28. The stock was -0.63% compared to the previous weeks close.


The company Insiders own 1.2% of Concho Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.95% . During last six month period, the net percent change held by insiders has seen a change of -13.65%. In an insider trading activity, Holderness Darin G, (SVP, CFO & Treasurer) of Concho Resources Inc, unloaded 16,813 shares at an average price of $105.14 on March 16, 2016. The total amount of the transaction was worth $1,767,719, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Concho Resources, Inc. rose by 4.97% in the last five trading days and 2.15% for the last 4 weeks. Concho Resources, Inc. is up 14.25% in the last 3-month period. Year-to-Date the stock performance stands at 31.76%.

Concho Resources (NYSE:CXO): stock turned positive on Tuesday. Though the stock opened at $120.56, the bulls momentum made the stock top out at $123.76 level for the day. The stock recorded a low of $120.07 and closed the trading day at $122.35, in the green by 3.44%. The total traded volume for the day was 1,250,239. The stock had closed at $118.28 in the previous days trading.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Companys operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States. The Companys three core operating areas include: New Mexico Shelf, where the Company primarily targets the Yeso formation with horizontal and vertical development; Delaware Basin, where it uses horizontal drilling and technology to target the Bone Spring formation (including the Avalon shale and the Bone Spring sands) and the Wolfcamp shale formation, and Texas Permian in the Midland Basin, where it targets the Wolfcamp and Spraberry formations with horizontal and vertical development.

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