Large Inflow of Money Detected in Devon Energy Corporation

Devon Energy Corporation (DVN) : On Thursday, The money flowed into the Devon Energy Corporation (DVN) stock with an uptick to downtick ratio was recorded at 1.08. Transactions worth $37.61 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $34.88 million. The total money flow into the stock was $2.73 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $3.69 million of block transactions on upticks. The total money flow in block trades was $3.69 million. In terms of price action, Devon Energy Corporation (DVN) traded down $0.61 during the session at $38.4. Compared to the previous days closing, the stock was down only by -1.55%. For the week, the stock is 2.17%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 4% and the 50-Day Moving Average is 8.24%. Shares have dropped -32.90% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $56.47 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $36.45 and the 200 Day Moving Average price is recorded at $29.66.

Devon Energy Corporation (NYSE:DVN): The stock opened at $39.83 on Thursday but the bulls could not build on the opening and the stock topped out at $39.90 for the day. The stock traded down to $38.28 during the day, due to lack of any buying support eventually closed down at $38.39 with a loss of -1.56% for the day. The stock had closed at $39.00 on the previous day. The total traded volume was 6,364,064 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Henry Robert H., director of Devon Energy Corp/De, had unloaded 7,100 shares at an average price of $37.43 in a transaction dated on June 20, 2016. The total value of the transaction was worth $265,753.

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Companys operations are concentrated in various North American onshore areas in the United States and Canada. Devon has approximately 689 Million Barrels of Oil Equivalent (MMBoe) of proved undeveloped reserves. The Company operates through three segments: U.S., Canada and EnLink. The Companys projects in North America include Anadarko Basin, Barnett Shale, Mississippian-Woodford Trend, Permian Basin, Rockies and Canadian Heavy Oil. EnLinks operations consist of midstream assets and operations located across the United States. In Canada, the company has two main projects, Jackfish and Pike, located in Alberta, Canada. In addition, its Lloydminster properties are located to the south and east of Jackfish in eastern Alberta.

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