Large Inflow of Money Detected in Laredo Petroleum

Laredo Petroleum (LPI): $1.7 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.1. The value of trades done on upticks was $18.05 million, whereas, trades done on downticks were valued at $16.35 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $7.14 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $5.34 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 1.34 was strongly in favor of the bulls. The money flow in block trades was $1.8 million. Laredo Petroleum (LPI) fell $0.5 traded at $10.65, a change of -4.48% over the previous day. The stock is -0.09% for the week.


The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 6.18%. Shares have dropped -9.04% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $14.19 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $11.39 and the 200 Day Moving Average price is recorded at $9.01.

Laredo Petroleum (NYSE:LPI): The stock opened at $10.82 on Thursday but the bulls could not build on the opening and the stock topped out at $10.97 for the day. The stock traded down to $10.60 during the day, due to lack of any buying support eventually closed down at $10.70 with a loss of -4.04% for the day. The stock had closed at $11.15 on the previous day. The total traded volume was 15,907,499 shares.

In an insider trading activity, Foutch Randy A, CEO of Laredo Petroleum, Inc., executed a transaction worth $99,765 on February 19, 2016. A total of 22,072 shares were purchased at an average price of $4.52. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Laredo Petroleum, Inc. (Laredo) is an independent energy company, focused on the acquisition, exploration and development of oil and natural gas properties primarily in the Permian Basin in West Texas. The Companys Permian Basin is comprised of several distinct geological provinces, including the Midland Basin to the east, the Delaware Basin to the west and the Central Platform in the middle. The Permian Basin is located in West Texas and Southeastern New Mexico, where the Company has assembled approximately 196,683 net acres. Its primary production and exploitation fairway (Permian-Garden City area) is located on the eastern side of the basin 35 miles east of Midland, Texas, and extends 20 miles wide (east/west) and 85 miles long (north/south) in Howard, Glasscock, Reagan, Sterling, Irion and Tom Green counties. It holds approximately 155,405 net acres in 360 sections in the Permian-Garden City area.

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