Shares of Chevron Corporation (CVX) Rally 2.16%

Chevron Corporation (CVX) : Traders are bullish on Chevron Corporation (CVX) as it has outperformed the S&P 500 by a wide margin of 0.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.65%, 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 2.16% in the last 1 week, and is up 5.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.26% and the 50-Day Moving Average is 4.93%.

Chevron Corporation (NYSE:CVX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $107.33 and $106.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $107.03, notching a gain of 0.31% for the day. The total traded volume was 6,164,280 . The stock had closed at $106.70 on the previous day.


The company Insiders own 0.4% of Chevron Corporation shares according to the proxy statements. Institutional Investors own 64.12% of Chevron Corporation shares. In a related news,The director of Chevron Corp, Deily Linnet F sold 869 shares at $103.27 on May 2, 2016. The Insider selling transaction had a total value worth of $89,742. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Companys Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.