Shares of Phillips 66 (PSX) Sees Large Outflow of Money

Phillips 66 (PSX): The stock had negative money flow to the tune of ($6.42 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $36.92 million, whereas, the outflow of money on downticks was $43.34 million and the ratio between the two was 0.85. The block trade had a negative net money flow of ($6.43 million). The total block trade value undertaken on upticks was $1.49 million. On the other hand, downticks amounted to $7.92 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.19. Phillips 66 (PSX) closed with marginal gains of 34 cents to end the day at $76.59, an increase of 0.45% over the previous days close. The stock recorded 2.32% for the week.


The stock has recorded a 20-day Moving Average of 1.8% and the 50-Day Moving Average is 2.77%. Shares have dropped -9.95% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $94.12 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $79.16 and the 200 Day Moving Average price is recorded at $81.28.

Phillips 66 (NYSE:PSX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.36 and $76.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.61, notching a gain of 0.47% for the day. The total traded volume was 2,901,024 . The stock had closed at $76.25 on the previous day.

In an insider trading activity,The Officer (Executive Vp And Gen Counsel) of Phillips 66, Johnson Paula Ann sold 40,141 shares at $79.57 on June 29, 2016. The Insider selling transaction had a total value worth of $3,194,019. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses. The Company operates its business through four segments: midstream, chemicals, refining and marketing and specialties. It gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at 14 refineries, mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe.

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