Concho Resources (NYSE:CXO) : During the past 4 weeks, traders have been relatively bearish on Concho Resources (NYSE:CXO), hence the stock is down -2.73% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.8% relative to the S&P 500. The 4-week change in the price of the stock is -1.16% and the stock has fallen -0.54% in the past 1 week.
The company shares have rallied 7.46% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $130.03 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $120.83 and the 200 Day Moving Average price is recorded at $104.15.
The stock has recorded a 20-day Moving Average of 1.98% and the 50-Day Moving Average is 0.86%.
Concho Resources (NYSE:CXO): stock turned positive on Friday. Though the stock opened at $117.47, the bulls momentum made the stock top out at $119.12 level for the day. The stock recorded a low of $115.58 and closed the trading day at $118.39, in the green by 2.21%. The total traded volume for the day was 1,245,574. The stock had closed at $115.83 in the previous days trading.
In an insider trading activity, Holderness Darin G, (SVP, CFO & Treasurer) of Concho Resources Inc, unloaded 16,813 shares at an average price of $105.14 on March 16, 2016. The total amount of the transaction was worth $1,767,719, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Companys operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States. The Companys three core operating areas include: New Mexico Shelf, where the Company primarily targets the Yeso formation with horizontal and vertical development; Delaware Basin, where it uses horizontal drilling and technology to target the Bone Spring formation (including the Avalon shale and the Bone Spring sands) and the Wolfcamp shale formation, and Texas Permian in the Midland Basin, where it targets the Wolfcamp and Spraberry formations with horizontal and vertical development.