Large Inflow of Money Witnessed in Chevron Corporation

Chevron Corporation (CVX) : The money flow analysis of Chevron Corporation (CVX) indicates a $141.26 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $147.78 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.05 and so was the total money flow at $6.53 million. A solid up-down ratio of 1.9 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $22.82 million worth of block trades on upticks. Only $12.03 million worth of the stock exchanged hands on downticks. The money flow was $10.79 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Chevron Corporation (CVX), pushing it down by -1.44% for the day. The stock slid $1.51 and traded at $103.07 during the day. Nonetheless, the stock is -1.04% over the previous weeks close.


Chevron Corporation (CVX) : 12 Wall Street analysts covering Chevron Corporation (CVX) believe that the average level the stock could reach for the short term is $107.5. The maximum price target given is $122 and the minimum target for short term is around $85, hence the standard deviation is calculated at $8.66. The stock has recorded a 20-day Moving Average of 0.46% and the 50-Day Moving Average is 1.51%.

Chevron Corporation (NYSE:CVX): The stock opened at $104.89 on Thursday but the bulls could not build on the opening and the stock topped out at $105.00 for the day. The stock traded down to $102.14 during the day, due to lack of any buying support eventually closed down at $103.05 with a loss of -1.46% for the day. The stock had closed at $104.58 on the previous day. The total traded volume was 7,707,427 shares.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Companys Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *