Large Outflow of Money Witnessed in Forum Energy Technologies

Forum Energy Technologies (FET) : The total money flow in Forum Energy Technologies (FET) was negative ($1.82 million), showing the domination of sellers in the Monday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $3.11 million. Transactions on upticks were comparatively lower at $1.3 million. The uptick to downtick ratio was 0.42. The total block trades done on upticks were valued at $0.41 million. The total block trades on downticks were valued at $1.85 million. The uptick to the downtick ratio of block trades was 0.22. The money flow during block trades was negative ($1.44 million) when the stock traded with a gain of $5 cent. Forum Energy Technologies (FET) was $16.33, an increase of 0.31% over the previous days close.


Forum Energy Technologies, Inc. is up 13.37% in the last 3-month period. Year-to-Date the stock performance stands at 31.3%. Shares of Forum Energy Technologies, Inc. appreciated by 0.25% during the last five trading days but lost 2.91% on a 4-week basis. In a related news, Angelle Evelyn M, director of Forum Energy Technologies, Inc., executed a transaction worth $390,000 on September 4, 2015. A total of 26,000 shares were purchased at an average price of $15. 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.

Forum Energy Technologies (NYSE:FET): stock turned positive on Monday. Though the stock opened at $16.45, the bulls momentum made the stock top out at $16.57 level for the day. The stock recorded a low of $16.165 and closed the trading day at $16.36, in the green by 0.49%. The total traded volume for the day was 1,309,237. The stock had closed at $16.28 in the previous days trading.

Forum Energy Technologies, Inc. is an oilfield products company. The Company designs, manufactures and distributes products and engages in aftermarket services, parts supply and related services. Its product offering includes a mix of engineered capital products and replaced items that are used in the exploration, development, production and transportation of oil and natural gas. Its capital products are targeted at drilling rig equipment for rigs, upgrades and refurbishment projects; subsea construction and development projects; the placement of production equipment on producing wells, and downstream capital projects. Its engineered systems are components used on drilling rigs or in the course of subsea operations, while its consumable products are used to maintain operations at well sites in the well construction process, within the supporting infrastructure and at processing centers and refineries. Its segments are Drilling & Subsea and Production & Infrastructure.

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