NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment
of large financial institutions. Today, a total of 58 block trades were
recorded, typically at least 10,000 shares of stock or more represent a single block unit.
Further examination shows that the bought value of the shares was $7,321,317
versus the sold value of $6,759,121. The positive cash flow of
$562,195 into the stock shows that investors have bullish
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On the options front, a total of 15,357 contracts were traded. Specifically, 12,115
call and 3,242 put contracts were traded yielding a 0.27 put/call ratio.
Weatherford International Ltd. is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.
On the volume side, 18M shares were traded which is greater
than the average volume. Weatherford International is trading above the 50 day
moving average and higher than the 200 day moving average.
Shares of WFT opened today at $12.50 and settled the day up $0.45 to $12.49
during the session. The day's trading range is between $12.36 and $12.76 respectively.
To date, the stock has gained 6.45% within the last quarter.
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