Large Inflow of Money Detected in Semgroup Corporation

Semgroup Corporation (SEMG) : Tuesdays money flow indicated an uptick to downtick ratio was at 8.15. The total value of inflow transactions on upticks was $0.81 million, whereas, the total value of outflow trades on downticks was $0.1 million. The total money flow was $0.71 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.64 million. The total value of the trades done on upticks was $0.64 million. Semgroup Corporation (SEMG) was trading with a -0.57% change over previous days close. It fell $0.18 during the day and reached $31.66. The stock was -0.13% compared to the previous weeks close.


Also, Goldman Sachs initiates coverage on Semgroup Corporation (NYSE:SEMG).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Goldman Sachs announces the price target of $39 per share. The rating by the firm was issued on August 24, 2016.

SemGroup Corporation has dropped 0.64% in the last five trading days, however, the shares have posted positive gains of 9.94% in the last 4 weeks. SemGroup Corporation has dropped 4.03% during the last 3-month period . Year-to-Date the stock performance stands at 8.11%.

Semgroup Corporation (NYSE:SEMG): The stock opened at $31.95 on Tuesday but the bulls could not build on the opening and the stock topped out at $32.24 for the day. The stock traded down to $30.97 during the day, due to lack of any buying support eventually closed down at $31.20 with a loss of -2.01% for the day. The stock had closed at $31.84 on the previous day. The total traded volume was 767,342 shares.

In a related news, The Securities and Exchange Commission has divulged that Barpoulis Sarah Morrison, director of Semgroup Corp, had unloaded 590 shares at an average price of $77.81 in a transaction dated on June 10, 2015. The total value of the transaction was worth $45,908.

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services primarily to independent producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company also maintains and operates storage, terminal and marine facilities at Milford Haven in the United Kingdom that enable customers to supply petroleum products to markets in the Atlantic Basin. It also operates a network of liquid asphalt cement terminals throughout Mexico. The Company conducts its operations through six segments: Crude, SemStream, SemLogistics, SemCAMS, SemMexico and SemGas.

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