Large Inflow of Money Detected in Gulfport Energy Corporation

Gulfport Energy Corporation (GPOR) : On Thursday, The money flowed into the Gulfport Energy Corporation (GPOR) stock with an uptick to downtick ratio was recorded at 7.5. Transactions worth $28.52 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $3.8 million. The total money flow into the stock was $24.72 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $24.61 million of block transactions on upticks. The total money flow in block trades was $24.61 million. In terms of price action, Gulfport Energy Corporation (GPOR) traded down $0.09 during the session at $31.1. Compared to the previous days closing, the stock was down only by -0.27%. For the week, the stock is 0.96%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 0.52% and the 50-Day Moving Average is 2.03%. Shares have dropped -21.05% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $39.92 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $31.54 and the 200 Day Moving Average price is recorded at $28.36.

Gulfport Energy Corporation (NASDAQ:GPOR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.69 and $30.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.51, notching a gain of 1.06% for the day. The total traded volume was 2,475,127 . The stock had closed at $31.18 on the previous day.

In an insider trading activity,The officer (Vice President of Geosciences) of Gulfport Energy Corp, Maier Stuart sold 10,000 shares at $33.35 on June 20, 2016. The Insider selling transaction had a total value worth of $333,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States. It has developed an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Companys principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand.

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