Flotek Industries (FTK) : Traders are bullish on Flotek Industries (FTK) as it has outperformed the S&P 500 by a wide margin of 11.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.39%, 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 3.36% in the last 1 week, and is up 12.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Flotek Industries Inc. is up 27.69% in the last 3-month period. Year-to-Date the stock performance stands at 31.82%. The stock has recorded a 20-day Moving Average of 5.22% and the 50-Day Moving Average is 10.13%.
Flotek Industries (NYSE:FTK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.91 and $14.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.08, notching a gain of 0.33% for the day. The total traded volume was 601,812 . The stock had closed at $15.03 on the previous day.
Flotek Industries, Inc. is a diversified, technology-driven company that develops and supplies oilfield products, services and equipment to the oil, gas and mining industries. The Company also develops and supplies compounds to companies that make cleaning products, cosmetics, food and beverages and other products for the consumer and industrial markets. The Company has four segments: Energy Chemical Technologies, Consumer and Industrial Chemical Technologies, Drilling Technologies and Production Technologies. The Companys customers primarily include major integrated oil and natural gas companies, oilfield service companies, independent oil and natural gas companies, pressure pumping service companies, international supply chain management companies, national and state-owned oil companies, household and commercial cleaning product companies, fragrance and cosmetic companies, and food manufacturing companies.