Trade-Ideas: Continental Resources (CLR) Is Today's Pre-Market Laggard Stock

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Trade-Ideas LLC identified Continental Resources ( CLR) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Continental Resources as such a stock due to the following factors:

  • CLR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $162.3 million.
  • CLR traded 14,094 shares today in the pre-market hours as of 9:26 AM.
  • CLR is down 4.9% today from yesterday's close.

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More details on CLR:

Continental Resources, Inc. is engaged in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. CLR has a PE ratio of 43.2. Currently there are 14 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 10 rate it a hold.

The average volume for Continental Resources has been 1.7 million shares per day over the past 30 days. Continental has a market cap of $27.4 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.82 and a short float of 18.7% with 6.88 days to cover. Shares are up 32.5% year-to-date as of the close of trading on Tuesday.

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