Shares of Concho Resources (CXO) Sees Large Inflow of Net Money Flow

Concho Resources (CXO) : $29.99 million worth of transactions were on upticks in Concho Resources (CXO), compared to $20.02 million on downticks. The ratio between the two was 1.5, whereas, the net money flow stood at a healthy $9.97 million on Mondays session. The consistent buying on upticks in the stock accounted for $9.22million worth of trades. The total money flow into the stock stood at $9.22 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.67%. The stock was trading at $122.15, with a drop of $0.83 over the previous days close. The stock recorded 3.18% for the week.


Concho Resources, Inc. is up 13.8% in the last 3-month period. Year-to-Date the stock performance stands at 31.54%. Shares of Concho Resources, Inc. rose by 3.27% in the last five trading days and 3.66% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Holderness Darin G, (SVP, CFO & Treasurer) of Concho Resources Inc, had unloaded 16,813 shares at an average price of $105.14 in a transaction dated on March 16, 2016. The total value of the transaction was worth $1,767,719.

Concho Resources (NYSE:CXO): On Mondays trading session , Opening price of the stock was $122.44 with an intraday high of $123.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $120.31. However, the stock managed to close at $122.15, a loss of 0.67% for the day. On the previous day, the stock had closed at $122.98. The total traded volume of the day was 812,593 shares.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Companys operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States. The Companys three core operating areas include: New Mexico Shelf, where the Company primarily targets the Yeso formation with horizontal and vertical development; Delaware Basin, where it uses horizontal drilling and technology to target the Bone Spring formation (including the Avalon shale and the Bone Spring sands) and the Wolfcamp shale formation, and Texas Permian in the Midland Basin, where it targets the Wolfcamp and Spraberry formations with horizontal and vertical development.

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