Large Outflow of Money Witnessed in Superior Energy Services

Superior Energy Services (NYSE:SPN) traded on a positive note gaining 0.62 points or 3.41% to be valued at $18.82 per share. Intraday, the shares aggregated $5.72 million in upticks but saw an exodus of $13.99 million in downticks. The net money flow was calculated to be $(-8.27) million with the final up/down ratio coming in at 0.41. The share price has seen a change of 1.08% in value during the week. Block trade of up/down ratio of 0.06 was also registered with $0.47 million in upticks and $8.5 million in downticks. The net money flow for the block exchange was disappointing at $(-8.02) Million.

Shares of Superior Energy Services, Inc. rose by 0.91% in the last five trading days and 19.45% for the last 4 weeks. Superior Energy Services, Inc. is up 41.81% in the last 3-month period. Year-to-Date the stock performance stands at 40.7%.

Currently the company Insiders own 2.91% of Superior Energy Services shares according to the proxy statements. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Executive Vice Pres.) of Superior Energy Services Inc, Bernard A Patrick had sold 37,500 shares worth of $828,375 in a transaction dated February 26, 2015. In this transaction, 37,500 shares were sold at $22.09 per share.

Superior Energy Services (NYSE:SPN) rose 3.24% or 0.59 points on Friday and made its way into the gainers of the day. After trading began at $18.53 the stock was seen hitting $19.0999 as a peak level and $18.43 as the lowest level. The stock ended up at $18.79. The daily volume was measured at 3,442,436 shares. The 52-week high of the share price is $22.7 and the 52-week low is $8.25. The company has a market cap of $2,845 million.

Superior Energy Services, Inc. is engaged in exploration, development and production of oil and natural gas. The Company serves national and independent oil and natural gas companies around the world. Its segments include Drilling Products and Services, Onshore Completion and Workover Services, Production Services and Technical Solutions. The Drilling Products and Services segment includes downhole drilling tools and surface rentals. The Onshore Completion and Workover Services segment includes pressure pumping, fluid handling and workover and maintenance services. The Production Services segment includes intervention services and specialized pressure-control tools used for pressure control and intervention operations. The Technical Solutions segment includes products and services that address customer-specific needs with their applications for specialized engineering, manufacturing or project planning.

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