Large Inflow of Money Detected in Magellan Midstream Partners L.P.

Magellan Midstream Partners L.P. (MMP) : Thursdays money flow data in Magellan Midstream Partners L.P. (MMP) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $0.32 million, whereas, $0.02 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 14.13, in favor of the bulls. The total money flow into the stock was $0.29 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.1 million. The total value of block trades done on upticks was $0.1 million. Magellan Midstream Partners L.P. (MMP) fell $0.01 and traded at $74.75, down -0.01% for the day, over previous days close. On a weekly basis, the shares are 0.82% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 0.69% and the 50-Day Moving Average is 3.86%. Shares have rallied 0.39% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $77.45 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $73.49 and the 200 Day Moving Average price is recorded at $68.48.

Magellan Midstream Partners L.P. (NYSE:MMP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.01 and $74.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.57, notching a gain of 1.08% for the day. The total traded volume was 434,705 . The stock had closed at $74.76 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Selvidge Jeff R, officer (Senior Vice President) of Magellan Midstream Partners Lp, had unloaded 5,504 shares at an average price of $72 in a transaction dated on May 6, 2016. The total value of the transaction was worth $396,288.

Magellan Midstream Partners, L.P. (Magellan) is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Companys business segments include Refined Products, Crude Oil and Marine Storage. The Companys refined products segment consists of Magellans 9,500-mile refined products pipeline system with 53 terminals, as well as 27 independent terminals not connected to the Companys pipeline system and its 1,100-mile ammonia pipeline system. Magellans crude oil segment consists of approximately 1,600 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 21 million barrels, of which 12 million is used for leased storage. Its marine storage segment consists of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

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