Shares of Chevron Corporation (CVX) Sees Large Outflow of Money

Chevron Corporation (CVX) : The total negative money flow of $21.46 million on Thursday indicates selling on strength. The inflow of money on upticks was $89.15 million, compared to $110.6 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.81. The negative money flow of $11.59 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $11.59 million. The price action in the Chevron Corporation (CVX) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $106.66 with a gain of $0.01 , a change of 0.01% over the previous days close. The stock registered 1.8% for the week.


The stock has recorded a 20-day Moving Average of 3.24% and the 50-Day Moving Average is 4.73%. Shares have rallied 11.41% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $106.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $102.28 and the 200 Day Moving Average price is recorded at $94.50.

Chevron Corporation (NYSE:CVX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $107.20 and $106.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.70, notching a gain of 0.05% for the day. The total traded volume was 4,750,875 . The stock had closed at $106.65 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Deily Linnet F, director of Chevron Corp, had unloaded 869 shares at an average price of $103.27 in a transaction dated on May 2, 2016. The total value of the transaction was worth $89,742.

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.

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