Large Outflow of Money Witnessed in ConocoPhillips

ConocoPhillips (COP) : The total negative money flow of $12.38 million on Wednesday indicates selling on strength. The inflow of money on upticks was $91.87 million, compared to $104.26 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.88. The negative money flow of $18.73 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $8.87 million in a block trade.The transaction value of block trade on downtick was $27.6 million. The uptick to downtick ratio was 0.32. The price action in the ConocoPhillips (COP) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $42.18 with a gain of $2.75 , a change of 6.97% over the previous days close. The stock registered 5.61% for the week.


Shares of ConocoPhillips appreciated by 5.29% during the last five trading days but lost 0.4% on a 4-week basis. ConocoPhillips has dropped 3.37% during the last 3-month period . Year-to-Date the stock performance stands at -7.88%.

ConocoPhillips (COP) has an average broker rating of 2.13, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

ConocoPhillips (NYSE:COP): The stock opened at $39.6 and touched an intraday high of $42.27 on Wednesday. During the day, the stock corrected to an intraday low of $39.12, however, the bulls stepped in and pushed the price higher to close in the green at $42.18 with a gain of 6.97% for the day. The total traded volume for the day was 13,568,367. The stock had closed at $39.43 in the previous trading session.

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. The Companys continuing operations are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company has major ownership interests in two of North Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.

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