InterOil Stock Falls On Unusually High Volume (IOC)
InterOil Corporation (NYSE:IOC) is trading at unusually high volume Thursday with 1.4 million shares changing hands. It is currently at two times its average daily volume and trading down $3.33 (-4.5%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- InterOil Corporation (NYSE: IOC) is trading at unusually high volume Thursday with 1.4 million shares changing hands. It is currently at two times its average daily volume and trading down $3.33 (-4.5%) at $70.10 as of 3:50 p.m. ET.
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InterOil has a market cap of $3.59 billion and is part of the basic materials sector and energy industry. Shares are up 32.2% year to date as of the close of trading on Wednesday. InterOil Corporation operates as an integrated oil and gas company in Papua New Guinea. The company engages in the exploration, appraisal, and development of crude oil and natural gas structures. TheStreet Ratings rates InterOil as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and poor profit margins. You can view the full InterOil Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.