Carbo Ceramics (CRR) has been under a strong bear grip, hence the stock is down -4.8% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 11.36% in the past 1 week. The stock has risen by 11.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.61% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 7.7% and the 50-Day Moving Average is 9.28%. CARBO Ceramics Inc. has dropped 5.05% during the last 3-month period . Year-to-Date the stock performance stands at -18.02%.
Carbo Ceramics (NYSE:CRR): stock turned positive on Friday. Though the stock opened at $12.51, the bulls momentum made the stock top out at $14.41 level for the day. The stock recorded a low of $12.51 and closed the trading day at $14.1, in the green by 10.94%. The total traded volume for the day was 1,429,259. The stock had closed at $12.71 in the previous days trading.
Carbo Ceramics Inc. is an oilfield services technology company , which supplies ceramic proppant and, sells sand and resin-coated sand. The Company also sells sand independent of its resin-coating operations. It also provides fracture simulation software, and, fracture design and consulting services, and a range of technologies for spill prevention, containment and countermeasures. The Companys products and services are primarily used in the hydraulic fracturing of natural gas and oil wells. There are three primary types of proppant that can be utilized in the hydraulic fracturing process: sand, resin-coated sand and ceramic. The Company manufactures six ceramic proppants: KRYPTOSPHERETM HD, CARBOHSP, CARBOPROP, CARBOLITE, CARBOECONOPROP and CARBOHYDROPROP. The Company produces resin-coated ceramic (CARBOBOND LITE) and resin-coated sand (CARBOBOND RCS) proppants; CARBO NORTHERN WHITE, a frac sand; and CARBONRT proppant. The Company also sells SCALEGUARD, a porous ceramic proppant.