Large Outflow of Money Witnessed in Noble Energy

Noble Energy (NBL) : The value of composite uptick trades was $34.99 million, whereas, the value of composite downtick trades was $43.15 million. The uptick to downtick ratio stood at 0.81 with a negative money flow of ($8.16) Million during Fridays trading session. The block trades money flow was negative ($6.82 million).The uptick to the downtick ratio of 0.58 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $9.33 million. The transaction of the trades on downticks amounted to $16.15 million, which confirms investors selling on the strength of price. Noble Energy (NBL) gained 40 cents at $34.25, an increase of 1.18% over the previous days close.


The company Insiders own 2.17% of Noble Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -26.44% . Institutional Investors own 93.9% of Noble Energy shares. During last six month period, the net percent change held by insiders has seen a change of -26.44%.

In a related news,The director of Noble Energy Inc, Craddock James E sold 32,662 shares at $35.26 on August 12, 2016. The Insider selling transaction had a total value worth of $1,151,662. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Noble Energy (NYSE:NBL): The stock opened at $34.24 and touched an intraday high of $34.4 on Friday. During the day, the stock corrected to an intraday low of $33.97, however, the bulls stepped in and pushed the price higher to close in the green at $34.25 with a gain of 1.18% for the day. The total traded volume for the day was 7,070,153. The stock had closed at $33.85 in the previous trading session.

Noble Energy (NBL) has risen sharply, recording gains of 2.7% in the past 4 weeks. However, the stock has corrected -3.08% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.83% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea, Cameroon, Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Its assets in the United States include DJ Basin, Marcellus Shale, Deepwater Gulf of Mexico and Other Onshore US. The onshore West Africa includes the Alba field, Block O and Block I offshore Equatorial Guinea, the YoYo mining concession and Tilapia PSC, offshore Cameroon, two blocks offshore Sierra Leone, and one block offshore Gabon. In the Eastern Mediterranean, it has six leases and five licenses operated offshore Israel and one license operated offshore Cyprus. Other International includes various international new ventures, such as offshore Nicaragua and offshore Falkland Islands.

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