Large Outflow of Money Witnessed in Noble Energy

Noble Energy (NBL) : The total negative money flow of $1.11 million on Monday indicates selling on strength. The inflow of money on upticks was $1.58 million, compared to $2.69 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.59. The negative money flow of $1.08 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $1.08 million. The price action in the Noble Energy (NBL) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $36.99 with a gain of $0.19 , a change of 0.52% over the previous days close. The stock registered 2.81% for the week.


Noble Energy, Inc. is up 13.58% in the last 3-month period. Year-to-Date the stock performance stands at 12.69%. Shares of Noble Energy, Inc. rose by 2.59% in the last five trading days and 2.76% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Edelman Thomas J, Director of NOBLE ENERGY INC, had unloaded 12,000 shares at an average price of $35.09 in a transaction dated on June 24, 2016. The total value of the transaction was worth $421,080.

Noble Energy (NYSE:NBL): stock turned positive on Monday. Though the stock opened at $36.72, the bulls momentum made the stock top out at $37.22 level for the day. The stock recorded a low of $36.56 and closed the trading day at $36.89, in the green by 0.24%. The total traded volume for the day was 2,324,363. The stock had closed at $36.8 in the previous days trading.

Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea, Cameroon, Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Its assets in the United States include DJ Basin, Marcellus Shale, Deepwater Gulf of Mexico and Other Onshore US. The onshore West Africa includes the Alba field, Block O and Block I offshore Equatorial Guinea, the YoYo mining concession and Tilapia PSC, offshore Cameroon, two blocks offshore Sierra Leone, and one block offshore Gabon. In the Eastern Mediterranean, it has six leases and five licenses operated offshore Israel and one license operated offshore Cyprus. Other International includes various international new ventures, such as offshore Nicaragua and offshore Falkland Islands.

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