Sunoco Logistics Partners LP (NYSE:SXL) has risen sharply, recording gains of 1.9% in the past 4 weeks. However, the stock has corrected -1.87% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -25.81% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $38.65 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $28.12 and the 200 Day Moving Average price is recorded at $25.31.
The stock has recorded a 20-day Moving Average of 2.05% and the 50-Day Moving Average is 1.11%.
Sunoco Logistics Partners LP (NYSE:SXL): stock turned positive on Friday. Though the stock opened at $28.08, the bulls momentum made the stock top out at $28.45 level for the day. The stock recorded a low of $27.74 and closed the trading day at $28.4, in the green by 1.90%. The total traded volume for the day was 787,421. The stock had closed at $27.87 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Sunoco Logistics Partners L.P., Bray Basil Leon, had purchased 150 shares in a transaction dated on May 16, 2014. The transaction was executed at $39.09 per share with total amount equaling $5,864.
Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs. The Company operates through four segments: Crude Oil Pipelines, transport crude oil in the southwest and midwest United States; Crude Oil Acquisition and Marketing, gathers, purchases, markets and sells crude oil in the mid-continent United States; Terminal Facilities, consist of crude oil, refined products and NGL terminals, and Products Pipelines, consist of crude oil, refined products and NGL terminals.