Large Inflow of Money Detected in EQT Corporation

EQT Corporation (EQT) : The money flow analysis of EQT Corporation (EQT) indicates a $17.98 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $23.78 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.32 and so was the total money flow at $5.81 million. A solid up-down ratio of 2.67 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $5.05 million worth of block trades on upticks. Only $1.89 million worth of the stock exchanged hands on downticks. The money flow was $3.16 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of EQT Corporation (EQT), pushing it down by -0.55% for the day. The stock slid $0.42 and traded at $75.71 during the day. Nonetheless, the stock is -2.54% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 2.1% and the 50-Day Moving Average is 2.22%. Shares have dropped -0.88% from its 1 Year high price. On Jun 29, 2016, the shares registered one year high at $80.61 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $75.61 and the 200 Day Moving Average price is recorded at $65.33.

EQT Corporation (NYSE:EQT): The stock opened at $77.19 on Thursday but the bulls could not build on the opening and the stock topped out at $77.19 for the day. The stock traded down to $75.22 during the day, due to lack of any buying support eventually closed down at $75.71 with a loss of -0.55% for the day. The stock had closed at $76.13 on the previous day. The total traded volume was 1,271,560 shares.

In an insider trading activity, Cary A. Bray Jr., director of Eqt Corp had purchased 277 shares on July 1, 2016 in a transaction. The price per share was $77.43 and the total amount of the disclosed transaction was $21,448.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

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