Large Outflow of Money Witnessed in Concho Resources

Concho Resources (NYSE:CXO) surged 2.26% during the last session. The last traded price was up 2.66 points at $120.5. The data for the fund flow suggests that the net intraday money flow was $(-8.04) million. The fund value in upticks was recorded to be $22.6 million and in downticks, it was found to be $30.64 million. The up/down ratio for the day was measured to be 0.74. For the week, the shares have seen a percentage change of 0.6%.A block trade of $(-7.53) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $1.23 million and that of downticks was $8.76 million. The block tradeoff had the up/down ratio of 0.14.

Shares of Concho Resources, Inc. rose by 0.86% in the last five trading days and 3.4% for the last 4 weeks. Concho Resources, Inc. is up 15.17% in the last 3-month period. Year-to-Date the stock performance stands at 30.1%.

Currently the company Insiders own 1.2% of Concho Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.95% . During last six month period, the net percent change held by insiders has seen a change of -13.65%. . On the companys insider trading activities, Holderness Darin G, (SVP, CFO & Treasurer) of Concho Resources Inc, unloaded 16,813 shares at an average price of $105.14 on March 16, 2016. The total amount of the transaction was worth $1,767,719, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Concho Resources (NYSE:CXO) rose 2.52% or 2.97 points on Friday and made its way into the gainers of the day. After trading began at $119.13 the stock was seen hitting $120.9999 as a peak level and $119.05 as the lowest level. The stock ended up at $120.81. The daily volume was measured at 1,456,379 shares. The 52-week high of the share price is $129.07 and the 52-week low is $69.94. The company has a market cap of $15,893 million.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Companys operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States. The Companys three core operating areas include: New Mexico Shelf, where the Company primarily targets the Yeso formation with horizontal and vertical development; Delaware Basin, where it uses horizontal drilling and technology to target the Bone Spring formation (including the Avalon shale and the Bone Spring sands) and the Wolfcamp shale formation, and Texas Permian in the Midland Basin, where it targets the Wolfcamp and Spraberry formations with horizontal and vertical development.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *