Shares of BP p.l.c. (NYSE:BP) Sees Large Outflow of Money

BP p.l.c. (NYSE:BP) : The total negative money flow of $4.62 million on Wednesday indicates selling on strength. The inflow of money on upticks was $51.98 million, compared to $56.59 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.92. The negative money flow of $2.25 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $2.79 million in a block trade.The transaction value of block trade on downtick was $5.04 million. The uptick to downtick ratio was 0.55. The price action in the BP p.l.c. (NYSE:BP) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $34.85 with a gain of $1.61 , a change of 4.84% over the previous days close. The stock registered 5.67% for the week.


Currently the company Insiders own 1% of BP p.l.c. shares according to the proxy statements. Institutional Investors own 10.96% of BP p.l.c. shares.

The company shares have dropped -15.36% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $41.52 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.33 and the 200 Day Moving Average price is recorded at $30.97. BP p.l.c. (NYSE:BP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.16 and $33.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.79, notching a gain of 4.66% for the day. The total traded volume was 17,381,260 . The stock had closed at $33.24 on the previous day.

BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segments activities include oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Companys Downstream segments activities include the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. BPs interest in Rosneft, an oil company in Russia, is reported as a separate operating segment.

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