Continental Resources Among Oil and Gas Operations' Biggest Movers on October 19, 2012

The market is having a bad day so far. The Nasdaq is trading down 1.6%; the S&P 500 has slipped 1%; and the Dow has decreased 1.1%.

The Oil and Gas Operations sector (DIG) is currently lagging behind the overall market, down 1.6%, and its current biggest movers are:

Company	Market Cap	Percentage Change
PDC Energy (Nasdaq:PDCE)	$987 million	-3.5%
Clayton Williams Energy (Nasdaq:CWEI)	$578.4 million	-2.8%
SM (NYSE:SM)	$3.75 billion	-2.7%
Range (NYSE:RRC)	$11.46 billion	-2.1%
Concho Resources (NYSE:CXO)	$9.87 billion	-2%
Continental Resources (NYSE:CLR)	$14.2 billion	-2%
InterOil Corporation (NYSE:IOC)	$3.5 billion	-1.8%

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At $31.48, PDC Energy (Nasdaq:PDCE) has slipped 3.5%. This morning, the company is trading a volume of 100,667 shares.

Clayton Williams Energy (Nasdaq:CWEI) is down 2.8% to reach $46.24 per share. At 16,637 shares, the company's volume so far today is 0.4 times the average daily volume.

SM (NYSE:SM) is trading at $56.06 per share, down 2.7%. The company's volume is currently 196,192 shares. This is a sign that there will be less trading activity than there was yesterday.

Range (NYSE:RRC) has fallen 2.1% and is currently trading at $69 per share. At 637,820 shares, the company's volume so far today is in keeping with the average volume over the past three months.

After a decline of 2%, Concho Resources (NYSE:CXO) has hit a share price of $92.49. So far today, 156,919 shares have changed hands.

Slipping 2%, Continental Resources (NYSE:CLR) is currently trading at $76.87 per share. So far today, the company's volume is 208,886 shares, 0.2 times the average daily volume.

InterOil Corporation (NYSE:IOC) is currently trading at a share price of $71.15, a 1.8% decline. The company's volume for the day so far is 180,815 shares. This is a sign that there will be less trading activity than there was yesterday.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.