Shares of ONEOK (OKE) Sees Large Outflow of Money

ONEOK (OKE) : The total money flow in ONEOK (OKE) was negative ($3.48 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $19.91 million. In comparison, the inflow of money into the stock on upticks was $16.42 million. The uptick to downtick ratio was 0.83. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $4.89 million. The value of transactions on uptick was $1.83 million. The negative money flow of ($3.06 million) confirms the selling in ONEOK (OKE) on strength. The uptick to downtick ratio of block trades was 0.37. ONEOK (OKE) gained $0.11 at $47.45, a gain of 0.23% over the previous days close. However, the stock registered 0.19% in the week.


The stock has recorded a 20-day Moving Average of 1.86% and the 50-Day Moving Average is 7.99%. Shares have rallied 15.15% from its 1 Year high price. On Jul 7, 2016, the shares registered one year high at $48.78 and the one year low was seen on Dec 18, 2015. The 50-Day Moving Average price is $45.35 and the 200 Day Moving Average price is recorded at $32.68.

ONEOK (NYSE:OKE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.81 and $47.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.49, notching a gain of 0.32% for the day. The total traded volume was 2,141,799 . The stock had closed at $47.34 on the previous day.

In an insider trading activity, Derksen Brian L, director of Oneok Inc /New/, had purchased 1,800 shares on March 17, 2016. The total value of the transaction was $54,594. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers, including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

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