NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment
of large financial institutions. A total of 71 block trades were executed today,
typically at least 10,000 shares or more represent a single block unit.
Further analysis into the trading activity reveals that 534,662
shares were bought and 752,046 shares were sold. The bought/sold ratio for
shares of Alpha Natural Resources is 0.71, representing a negative net cash
flow of $1,748,604 out of the stock.
Institutional traders also took positions in options where a total of 27,263 contracts
was traded. The put/call ratio equaled 0.33 with 6,722 put and 20,541 call contracts
Alpha Natural Resources, Inc. is a supplier and exporter of metallurgical coal for use in the steel-making process and a major supplier of thermal coal to electric utilities and manufacturing industries across the country.
Alpha Natural Resources opened at $8.20 and the stock price declined $0.05 (0.61%)
to $8.10 during the market session. ANR is trading between the range of
$7.85 - $8.26. To date, the stock has lost -12.55% within the last month.
Volume is 12M in relation to the three month
average volume of 15M shares. ANR is trading below the 50
day moving average and lower than the 200 day moving average.
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