Shares of Golar LNG Limited (GLNG) Rally 4.96%

Golar LNG Limited (GLNG) : Traders are bullish on Golar LNG Limited (GLNG) as it has outperformed the S&P 500 by a wide margin of 0.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.96% in the last 1 week, and is up 5.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.13% and the 50-Day Moving Average is 0.02%.

Golar LNG Limited (NASDAQ:GLNG): The stock opened at $16.80 on Friday but the bulls could not build on the opening and the stock topped out at $17.27 for the day. The stock traded down to $16.62 during the day, due to lack of any buying support eventually closed down at $16.71 with a loss of -0.18% for the day. The stock had closed at $16.74 on the previous day. The total traded volume was 1,223,494 shares.


The company Insiders own 0.02% of Golar LNG Limited shares according to the proxy statements. Institutional Investors own 86.42% of Golar LNG Limited shares.

Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31, 2010, Golar had a fleet of 13 vessels, 10 LNG carriers, three FSRUs and a 50% interest in a further LNG carrier. On June 22, 2009, the Company formed a wholly owned subsidiary, Golar LNG Energy Limited (Golar Energy). As of December 31, 2009, it owned 73.8% of Golar Energy. Golar Energy specializes in the acquisition, ownership, operation and chartering of FSRUs and the development of liquefaction projects. In 2011, the Company made the following acquisitions: Golar LNG Energy Limited (July), a floating storage and regasification unit Golar Freeze (October). On January 23, 2012, the Company acquired a Moss type carrier, namely LNG Carrier Gandria. On July 19, 2012, it sold its interest in the companies owning and operating the Nusantara Tegas Satu FSRU.

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