Shares of Statoil ASA (STO) Rally 3.86%

Statoil ASA (STO) : Traders are bullish on Statoil ASA (STO) as it has outperformed the S&P 500 by a wide margin of 4.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.33%, 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 3.86% in the last 1 week, and is up 8.7% 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 5.06% and the 50-Day Moving Average is 7.03%.

Statoil ASA (NYSE:STO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.70 and $17.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.74, notching a gain of 0.06% for the day. The total traded volume was 2,768,586 . The stock had closed at $17.73 on the previous day.


Institutional Investors own 5.12% of Statoil ASA shares.

Statoil ASA is an energy company. The Company is engaged in oil and gas exploration and production activities. The Companys segments include Development and Production Norway (DPN), Development and Production North America (DPNA), Development and Production International (DPI), Marketing, Processing and Renewable Energy (MPR) and Other. The DPN segment consists of its exploration, field development and operational activities on the Norwegian continental shelf (NCS). The DPI segment develops and produces oil and gas outside the NCS. The DPNA segment comprises of its upstream activities in North America. The MPR segment markets and trades crude oil, natural gas, power, emissions, liquids and refined products, for transportation and processing, and for developing business opportunities in renewables. The Other segment includes activities in Global Strategy and Business Development (GSB); Technology, Projects and Drilling (TPD), and corporate staffs and support functions.

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