Shares of BP p.l.c. (BP) Sees Large Outflow of Money

BP p.l.c. (BP) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.92 million) and the uptick to downtick ratio was 0.9. The transaction value on upticks was $17.65 million and on downticks, the transaction value was $19.57 million. In block trades, the transaction value of inflow done during uptick was $1.99 million. The transaction value of block trades during downticks was $4.21 million. The uptick to downtick block trade ratio was 0.47. The money flow was negative ($2.23 million), indicating the traders were booking profit on the price strength. BP p.l.c. (BP) rose $0.01 at $35.58, during intraday Thursday , a rise of 0.03% over the previous days close.


BP p.l.c. (BP) : The most positive equity analysts on BP p.l.c. (BP) expects the shares to touch $43, whereas, the least positive believes that the stock will trade at $27 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $35.43 with an expected fluctuation of $6.27 from the mean. The stock has recorded a 20-day Moving Average of 5.78% and the 50-Day Moving Average is 8.47%.

BP p.l.c. (NYSE:BP): The stock opened at $36.02 on Thursday but the bulls could not build on the opening and the stock topped out at $36.04 for the day. The stock traded down to $35.16 during the day, due to lack of any buying support eventually closed down at $35.40 with a loss of -0.48% for the day. The stock had closed at $35.57 on the previous day. The total traded volume was 8,900,911 shares.

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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