Semgroup Corporation (NYSE:SEMG) has risen sharply, recording gains of 5.07% in the past 4 weeks. However, the stock has corrected -1.53% 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 3.4% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -58.84% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $80.92 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.44 and the 200 Day Moving Average price is recorded at $25.39.
The stock has recorded a 20-day Moving Average of 4.81% and the 50-Day Moving Average is 6.53%.
Semgroup Corporation (NYSE:SEMG): stock turned positive on Friday. Though the stock opened at $32.27, the bulls momentum made the stock top out at $33.39 level for the day. The stock recorded a low of $31.86 and closed the trading day at $32.75, in the green by 3.15%. The total traded volume for the day was 662,315. The stock had closed at $31.75 in the previous days trading.
In an insider trading activity, Barpoulis Sarah Morrison, director of Semgroup Corp, unloaded 590 shares at an average price of $77.81 on June 10, 2015. The total amount of the transaction was worth $45,908, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.