CVR Refining LP (CVRR) has been under a strong bear grip, hence the stock is down -20.47% 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 0.22% in the past 1 week. The stock has risen by 0.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -17.8% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.2% and the 50-Day Moving Average is 23.06%. CVR Refining, LP has dropped 45.22% during the last 3-month period . Year-to-Date the stock performance stands at -66.09%.
CVR Refining LP (NYSE:CVRR): stock turned positive on Friday. Though the stock opened at $6.14, the bulls momentum made the stock top out at $6.43 level for the day. The stock recorded a low of $5.92 and closed the trading day at $6.42, in the green by 4.56%. The total traded volume for the day was 921,335. The stock had closed at $6.14 in the previous days trading.
CVR Refining, LP is an independent downstream energy limited partnership. The Company has refining and related logistics assets that operate in the mid-continent region. It owns two refineries in the underserved Group 3 of the PADD II region of the United States. It owns and operates a full coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. In addition, the Company also controls and operates supporting logistics assets, including owned and leased pipelines, owned crude oil transports, a network of crude oil gathering tank farms, owned and leased crude oil storage capacity and combined refinery related storage capacity. It processes a variety of crudes, including West Texas sour (WTS), West Texas intermediate (WTI), sweet and sour Canadian, and locally gathered crudes. The Company offers refined products primarily to retailers, railroads and farm cooperatives and other refiners/marketers in Group 3 of the PADD II region.