Shares of Statoil ASA (STO) Sees Large Outflow of Money

Statoil ASA (STO) : The total money flow in Statoil ASA (STO) was negative ($1.68 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $3.03 million. In comparison, the inflow of money into the stock on upticks was $1.35 million. The uptick to downtick ratio was 0.45. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.04 million. The negative money flow of ($2.04 million) confirms the selling in Statoil ASA (STO) on strength. Statoil ASA (STO) gained $0.21 at $17.68, a gain of 1.2% over the previous days close. However, the stock registered 3.51% in the week.


The stock has recorded a 20-day Moving Average of 5.53% and the 50-Day Moving Average is 7.11%. Shares have dropped -0.40% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $17.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $16.54 and the 200 Day Moving Average price is recorded at $15.24.

Statoil ASA (NYSE:STO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.82 and $17.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.73, notching a gain of 1.49% for the day. The total traded volume was 2,553,930 . The stock had closed at $17.47 on the previous day.

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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