Large Outflow of Money Witnessed in BP p.l.c.

BP p.l.c. (BP) : The total money flow in BP p.l.c. (BP) was negative ($3.56 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $28.93 million. In comparison, the inflow of money into the stock on upticks was $25.37 million. The uptick to downtick ratio was 0.88. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $5.57 million. The value of transactions on uptick was $1.48 million. The negative money flow of ($4.09 million) confirms the selling in BP p.l.c. (BP) on strength. The uptick to downtick ratio of block trades was 0.27. BP p.l.c. (BP) gained $0.89 at $34.55, a gain of 2.64% over the previous days close. However, the stock registered 1.14% in the week.


The company Insiders own 1% of BP p.l.c. shares according to the proxy statements. Institutional Investors own 12.78% of BP p.l.c. shares.

BP p.l.c. (NYSE:BP): The stock opened at $34.25 and touched an intraday high of $34.75 on Friday. During the day, the stock corrected to an intraday low of $34.16, however, the bulls stepped in and pushed the price higher to close in the green at $34.5 with a gain of 2.50% for the day. The total traded volume for the day was 6,917,694. The stock had closed at $33.66 in the previous trading session.

BP p.l.c. (BP) : Traders are bullish on BP p.l.c. (BP) as it has outperformed the S&P 500 by a wide margin of 4.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.49%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1% in the last 1 week, and is up 4.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segments activities include oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Companys Downstream segments activities include the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. BPs interest in Rosneft, an oil company in Russia, is reported as a separate operating segment.

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