Large Inflow of Money Detected in Scorpio Tankers

Scorpio Tankers (STNG) stock had a bullish inflow of $0.22 million worth of trades on uptick and an outflow of $0.05 million in downticks on Thursday. The total uptick to downtick ratio stood at 4.57. The net money flow into the stock was $0.17 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.13 million. $0.13 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Scorpio Tankers (STNG) stock traded down $0.03 , and reached $4.55, a drop of -0.66% over the previous day. On a weekly basis, the stock is 7.06%, over the previous weeks close.


The stock has recorded a 20-day Moving Average of 2.23% and the 50-Day Moving Average is 11.68%. Shares have dropped -59.49% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.64 and the one year low was seen on Jul 8, 2016. The 50-Day Moving Average price is $5.00 and the 200 Day Moving Average price is recorded at $5.76.

Scorpio Tankers (NYSE:STNG): The stock was completely flat for the day, closing at $4.58 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $4.62, the stock touched an intraday high of $4.64 and a low of $4.52. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $4.58. The total trading volume on Thursday was 3,340,602.

Scorpio Tankers Inc. is a provider of seaborne transportation of refined petroleum products and crude oil to the international shipping markets. The Companys fleet consists of 66 wholly owned tankers (10 LR2 tankers, two LR1 tankers, 15 Handymax tankers and 39 MR tankers) with a weighted average age of approximately 1.1 years and 20 time chartered-in tankers, which it operate (seven Handymax tankers, three MR tankers, five LR1 tankers and five LR2 tankers). In addition, the Company has contracts for the construction of 14 newbuilding product tankers (six MR tankers and eight LR2 tankers) (Newbuilding Program). The Companys total oil tanker fleet (crude, products and product/chemical tankers) consisted of 3,138 ships with a combined capacity of 407 million deadweight tonnage.

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