Large Outflow of Money Witnessed in Continental Resources

Continental Resources (CLR) : Mondays money flow analysis of Continental Resources (CLR) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $29.78 million. In comparison, the inflow of money on upticks was a meager $20.65 million. The dollar value of composite uptick trades minus the downtick trades was negative $9.13 million. The uptick to downtick ratio of 0.69 in the money flow shows weakness. The downtick transaction value was high at $9.41 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($9.41 million). Continental Resources (CLR) gained $0.18 at $46.14, a change of 0.39% over the previous days close.


Continental Resources, Inc. is up 31.19% in the last 3-month period. Year-to-Date the stock performance stands at 100.78%. Shares of Continental Resources, Inc. rose by 8.72% in the last five trading days and 12.54% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Hamm Harold, Director Officer 10% Owner (Ceo & Chairman) of CONTINENTAL RESOURCES, INC, had unloaded 180,505,408 shares at an average price of $19.39 in a transaction dated on September 16, 2015. The total value of the transaction was worth $3,499,999,861.

Continental Resources (NYSE:CLR): stock turned positive on Monday. Though the stock opened at $45.55, the bulls momentum made the stock top out at $46.25 level for the day. The stock recorded a low of $44.95 and closed the trading day at $46.14, in the green by 0.39%. The total traded volume for the day was 2,777,756. The stock had closed at $45.96 in the previous days trading.

Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company. The Company owns properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River, including various plays in the South Central Oklahoma Oil Province (SCOOP), Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.

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