Large Outflow of Money Witnessed in Weatherford International plc

Weatherford International plc (WFT): The stock had negative money flow to the tune of ($16.11 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $39.23 million, whereas, the outflow of money on downticks was $55.34 million and the ratio between the two was 0.71. The block trade had a negative net money flow of ($16.05 million). The total block trade value undertaken on upticks was $21.26 million. On the other hand, downticks amounted to $37.31 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.57. Weatherford International plc (WFT) closed with marginal gains of 26 cents to end the day at $5.47, an increase of 4.99% over the previous days close. The stock recorded -1.8% for the week.


Weatherford International plc has lost 3.7% in the last five trading days and dropped 3.19% in the last 4 weeks. Weatherford International plc has dropped 0.55% during the last 3-month period . Year-to-Date the stock performance stands at -34.8%.

Weatherford International plc (WFT) : 22 analysts are covering Weatherford International plc (WFT) and their average rating on the stock is 2.18, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Weatherford International plc (NYSE:WFT): The stock opened at $5.27 and touched an intraday high of $5.54 on Wednesday. During the day, the stock corrected to an intraday low of $5.12, however, the bulls stepped in and pushed the price higher to close in the green at $5.47 with a gain of 4.99% for the day. The total traded volume for the day was 49,110,930. The stock had closed at $5.21 in the previous trading session.

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