Large Inflow of Money Detected in Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation (COG) : On Thursday, The money flowed into the Cabot Oil & Gas Corporation (COG) stock with an uptick to downtick ratio was recorded at 1.89. Transactions worth $2.39 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.26 million. The total money flow into the stock was $1.13 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.86 million of block transactions on upticks. The total money flow in block trades was $0.86 million. In terms of price action, Cabot Oil & Gas Corporation (COG) traded down $0.03 during the session at $25.67. Compared to the previous days closing, the stock was down only by -0.12%. For the week, the stock is 0.9%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 0.3% and the 50-Day Moving Average is 2.4%. Shares have dropped -13.89% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $30.38 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $24.86 and the 200 Day Moving Average price is recorded at $22.05.

Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $26.14 on Thursday but the bulls could not build on the opening and the stock topped out at $26.14 for the day. The stock traded down to $25.21 during the day, due to lack of any buying support eventually closed down at $25.21 with a loss of -1.91% for the day. The stock had closed at $25.70 on the previous day. The total traded volume was 2,515,867 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Cunningham George Kevin, Officer (Vice Pres. & General Counsel) of CABOT OIL & GAS CORP, had unloaded 6,178 shares at an average price of $25.32 in a transaction dated on June 21, 2016. The total value of the transaction was worth $156,427.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Companys exploration, development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Companys Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County, Pennsylvania. The Companys properties in the Eagle Ford Shale are principally located in Atascosa, Frio and La Salle Counties, Texas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States, including the Utica Shale in Pennsylvania; the Cotton Valley, Haynesville, Bossier, and James Lime formations in east Texas, and the Devonian Shale, Big Lime, Weir and Berea in West Virginia.

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