CVR Energy (CVI) has been under a strong bear grip, hence the stock is down -9.66% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.01% in the past 1 week. The stock has risen by 5.94% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.62% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.22% and the 50-Day Moving Average is 13.39%. CVR Energy, Inc. has dropped 37.59% during the last 3-month period . Year-to-Date the stock performance stands at -60.67%.
CVR Energy (NYSE:CVI): stock turned positive on Friday. Though the stock opened at $14.24, the bulls momentum made the stock top out at $14.81 level for the day. The stock recorded a low of $13.56 and closed the trading day at $14.8, in the green by 3.93%. The total traded volume for the day was 1,736,500. The stock had closed at $14.24 in the previous days trading.
CVR Energy, Inc. is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). The Companys Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. In addition the Company through its majority owned subsidiaries produces and markets nitrogen fertilizer products in North America. It operates in two segments: the petroleum segment and the nitrogen fertilizer segment. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business consists of a nitrogen fertilizer facility in Coffeyville, Kansas.