Flotek Industries (FTK) has risen sharply, recording gains of 6.57% in the past 4 weeks. However, the stock has corrected -2.21% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.49% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.45% and the 50-Day Moving Average is 8.56%. Flotek Industries (NYSE:FTK): On Fridays trading session , Opening price of the stock was $14.77 with an intraday high of $14.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.12. However, the stock managed to close at $14.59, a loss of 2.01% for the day. On the previous day, the stock had closed at $14.89. The total traded volume of the day was 1,614,482 shares.
The company Insiders own 5.64% of Flotek Industries shares according to the proxy statements. Institutional Investors own 92.83% of Flotek Industries shares.
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.