EQT Corporation (EQT) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $5.79 million worth of transactions were on upticks, whereas, the downticks accounted for $4.69 million worth of transactions. The net money flow was a positive $1.1 million and the uptick to downtick ratio was 1.23. The net money flow into the stock was $0 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. EQT Corporation (EQT) was trading at $71.72, down $0.02 during day. The stock slid -0.03% over the previous days close. For the week, the stock recorded 0.06% over the previous weeks close.
The company Insiders own 1.1% of EQT Corporation shares according to the proxy statements. Institutional Investors own 87.76% of EQT Corporation shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Eqt Corp, Cary A. Bray Jr., had purchased 277 shares in a transaction dated on July 1, 2016. The transaction was executed at $77.43 per share with total amount equaling $21,448.
EQT Corporation (NYSE:EQT): The stock opened at $72.2 and touched an intraday high of $72.95 on Friday. During the day, the stock corrected to an intraday low of $71.55, however, the bulls stepped in and pushed the price higher to close in the green at $71.82 with a gain of 0.11% for the day. The total traded volume for the day was 1,023,238. The stock had closed at $71.74 in the previous trading session.
On a relative basis, the stock has outperformed the S&P 500 by 2.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.2% in the last 1 week, and is up 2.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
EQT Corporation (EQT) is an energy company. The Company operates in two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with approximately 10.7 trillion cubic feet equivalent (Tcfe) of proved natural gas, natural gas liquids (NGLs) and crude oil reserves across approximately 3.4 million acres, including around 630,000 gross acres in the Marcellus play. Its proved reserves include Lower Huron, Cleveland, Berea sandstone and other Devonian age formations. EQT Midstream assets are located in the Marcellus Shale region, spanning an area of southwestern Pennsylvania and northern West Virginia. EQT Midstream provides gathering, transmission and storage services for its produced gas and for the independent third parties across the Appalachian Basin.