Suncor Energy (SU) Shares are Up 5.72%

Suncor Energy (SU) has been under a strong bear grip, hence the stock is down -0.31% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.66% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.72% in the last 1 week, and is up 0.72% 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 4.09% and the 50-Day Moving Average is 3.04%. Suncor Energy (NYSE:SU): stock turned positive on Friday. Though the stock opened at $28.02, the bulls momentum made the stock top out at $28.2 level for the day. The stock recorded a low of $27.88 and closed the trading day at $28.11, in the green by 0.54%. The total traded volume for the day was 1,706,293. The stock had closed at $27.96 in the previous days trading.


The company Insiders own 1% of Suncor Energy shares according to the proxy statements. Institutional Investors own 61.42% of Suncor Energy shares. Also, Equity Analysts at the Brokerage Firm, Citigroup, upgrades their rating on the shares of Suncor Energy (NYSE:SU). Citigroup has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 23, 2016.

Suncor Energy Inc. (Suncor) is an integrated energy company. The Company is focused on developing Canadas petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production, and Refining and Marketing. The Companys Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations. Its Exploration and Production segment consists of offshore operations off the east coast of Canada and in the North Sea, and onshore assets in North America, Libya and Syria. The Companys Refining and Marketing segment is engaged in Refining and Supply, and Downstream Marketing. In addition, the Company explores, for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally. The Company also transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada.

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