Shares of Core Laboratories N.V. (CLB) Sees Large Inflow of Net Money Flow

Core Laboratories N.V. (CLB) : Core Laboratories N.V. (CLB) had a healthy money flow of $1.2 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $20.46 million, whereas, investors only sold shares worth $19.26 million on downticks. The stock closed the day with an up-down ratio of 1.06.The money flow in the block trades to the tune of $0 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0 million worth of transactions were on upticks. Core Laboratories N.V. (CLB) stock slid $0.06 intraday and traded at 118.19, a change of -0.05% over previous days close. However, for the week, the company shares are -4.54% compared to previous weeks close.


Core Laboratories N.V. (CLB) : The highest level Core Laboratories N.V. (CLB) is projected to reach is $150 for the short term and the lowest estimate is at $98. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $122.67 and the possibility the share price can swing is $16.17.

Core Laboratories N.V. (NYSE:CLB): stock turned positive on Friday. Though the stock opened at $118.34, the bulls momentum made the stock top out at $118.8 level for the day. The stock recorded a low of $115.6 and closed the trading day at $118.72, in the green by 0.41%. The total traded volume for the day was 811,878. The stock had closed at $118.24 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Core Laboratories N V, Sodderland Jan Willem, had purchased 300 shares in a transaction dated on February 2, 2016. The transaction was executed at $93.9 per share with total amount equaling $28,170.

Core Laboratories N.V. (Core Lab) is a provider of proprietary and patented reservoir description, production enhancement and reservoir management services to the oil and gas industry. These services and products are directed toward enabling its clients to improve reservoir performance and increase oil and gas recovery from their producing fields. The Company operates in three segments: Reservoir Description, Production Enhancement and Reservoir Management. The Company provides analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry.

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