Among the biggest risers on the S&P 500 on Wednesday September 13 was Concho Resources Inc. ($CXO), popping some 3.48% to a price of $119.64 a share with
some 1.77 million shares trading hands.
Starting the day trading at $116.04, Concho Resources Inc. reached an intraday high of $120.00 and hit intraday lows of $115.49. Shares gained $4.02 apiece by day’s end. Over the last 90
days, the stock’s average daily volume has been 1.35 million of its 148.71 million share total float. Today’s action puts the stock’s 50-day SMA at $118.66 and 200-day
SMA at $128.58 with a 52-week range of $106.73 to $147.55.
Concho Resources Inc is an oil and natural gas company. It is engaged in the acquisition, development, exploitation and exploration of producing oil and natural gas properties. It operates in the Delaware Basin.
Concho Resources Inc. has its corporate headquarters located in Midland, TX and employs 1,085 people. Its market cap has now risen to $17.79 billion after today’s trading, its P/E
ratio is now 26.6, its P/S 8.06, P/B 2.04, and P/FCF 9.2.
You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Concho Resources Inc., check out Stock Valuation Analysis tool for CXO.
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Commentary and Adam Sarhan’s Find Leading Stocks today.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional
investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting
method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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