Continental Resources and Other Oil and Gas Operations Stocks Making Big Moves on October 22, 2012

By Investopedia Staff | October 22, 2012 AAA

Currently, the Nasdaq has increased 0.5%, the S&P 500 has been relatively flat and the Dow is unchanged.

The Oil and Gas Operations sector (DIG) is up 1.2% so far today and here are its biggest movers:

Company Market Cap Percentage Change
InterOil Corporation (NYSE:IOC) $3.4 billion -5.9%
Nexen Inc (NYSE:NXY) $13.46 billion -5%
Concho Resources (NYSE:CXO) $9.66 billion -3%
Continental Resources (NYSE:CLR) $13.95 billion -3%
Berry Petroleum (NYSE:BRY) $2.19 billion -2.8%
Global (NYSE:GLP) $743.4 million +2.6%
BP Prudhoe Bay (NYSE:BPT) $1.85 billion -2.5%

Broker Summary: Fidelity Online Brokerage

InterOil Corporation (NYSE:IOC) has fallen 5.9% and is currently trading at $66.28 per share. The company's volume for the day so far is 1.2 million shares. Yesterday, volume was only 859,342 shares.

After a decline of 5%, Nexen Inc (NYSE:NXY) has hit a share price of $24.14. So far today, the company's volume is 41.8 million shares, 8.8 times the average daily volume.

Currently trading at $89.54 per share, Concho Resources (NYSE:CXO) has fallen 3%. So far today, the company's volume is 1.1 million shares.

Continental Resources (NYSE:CLR) has decreased to $74.74 per share, a 3% fall. The company's volume for the day so far is 1.4 million shares, 1.4 times its current three-month average.

Slipping 2.8%, Berry Petroleum (NYSE:BRY) is currently trading at $39.39 per share. So far today, the company's volume is 539,375 shares.

Global (NYSE:GLP) has risen 2.6% to hit a current price of $27.81 per share. So far today, the company's volume is 54,809 shares, 1.3 times the current daily average.

BP Prudhoe Bay (NYSE:BPT) is down 2.5% to reach $84.24 per share. This morning, the company is trading a volume of 192,665 shares.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

comments powered by Disqus
Related Analysis
  1. Earnings Expectations For The Week Of September 15
    Stock Analysis

    Earnings Expectations For The Week Of September 15

  2. Nasty Reviews Unlikely To Hurt Activision's 'Destiny'
    Stock Analysis

    Nasty Reviews Unlikely To Hurt Activision's 'Destiny'

  3. 3 Nuclear Energy Projects That Could Begin Soon
    Stock Analysis

    3 Nuclear Energy Projects That Could Begin Soon

  4. First Negative Week in a Month? - Ahead of Wall Street
    Stock Analysis

    First Negative Week in a Month? - Ahead of Wall Street

  5. Bull of the Day: Methode Electronics (MEI) - Bull of the Day
    Stock Analysis

    Bull of the Day: Methode Electronics (MEI) - Bull of the Day

Trading Center