Large Outflow of Money Witnessed in Noble Corporation

Shares of Noble Corporation (NYSE:NE) advanced to $9.17. The price had gained 3.27% or 0.29 points intraday. The latest trading session witnessed $0.59 million in upticks and $3.88 million in downticks, resulting in net money flow of (-3.3) million. The up/down ratio for the day stood at 0.15. On a weekly scale, the price has seen a change of 0.33%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-3.6) million occurred during the day. $0 million in uptick and $3.6 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.

Shares of Noble Corporation plc rose by 2.52% in the last five trading days and 5.76% for the last 4 weeks. Noble Corporation plc has dropped 16.5% during the last 3-month period . Year-to-Date the stock performance stands at -9.24%.

Currently the company Insiders own 1.4% of Noble Corporation shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -16.14%. . On the companys insider trading activities, Cawley Michael A, director of Noble Corp Plc, unloaded 20,000 shares at an average price of $13.52 on March 7, 2016. The total amount of the transaction was worth $270,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Noble Corporation (NYSE:NE) rose 5.52% or 0.49 points on Friday and made its way into the gainers of the day. After trading began at $9.02 the stock was seen hitting $9.5 as a peak level and $8.99 as the lowest level. The stock ended up at $9.37. The daily volume was measured at 11,822,549 shares. The 52-week high of the share price is $16.55 and the 52-week low is $6.66. The company has a market cap of $2,279 million.

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