Large Inflow of Money Detected in BP p.l.c.

BP p.l.c. (BP) : The money flow analysis of BP p.l.c. (BP) indicates a $23.97 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $30.61 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.28 and so was the total money flow at $6.65 million. A solid up-down ratio of 10.34 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $5.16 million worth of block trades on upticks. Only $0.5 million worth of the stock exchanged hands on downticks. The money flow was $4.66 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of BP p.l.c. (BP), pushing it down by -0.19% for the day. The stock slid $0.07 and traded at $35.96 during the day. Nonetheless, the stock is -1.64% over the previous weeks close.


Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on BP p.l.c. (NYSE:BP). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $31 per share to $33 per share. The rating by the firm was issued on July 11, 2016.

BP p.l.c. (NYSE:BP): The stock opened at $35.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.07 for the day. The stock traded down to $35.70 during the day, due to lack of any buying support eventually closed down at $35.96 with a loss of -0.19% for the day. The stock had closed at $36.03 on the previous day. The total traded volume was 5,153,621 shares.

The stock has recorded a 20-day Moving Average of 2.03% and the 50-Day Moving Average is 7.89%.

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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