Large Inflow of Money Detected in Chevron Corporation

Chevron Corporation (CVX) : On Wednesday, The money flowed into the Chevron Corporation (CVX) stock with an uptick to downtick ratio was recorded at 1.11. Transactions worth $157.19 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $141.45 million. The total money flow into the stock was $15.74 million. The block trades reveal a bullish bias with an up-down ratio of 1.97. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $35.25 million of block transactions on upticks. The value of block trades on downticks was $17.87 million, indicating lower selling interest. The total money flow in block trades was $17.38 million. In terms of price action, Chevron Corporation (CVX) traded down $0.45 during the session at $105.59. Compared to the previous days closing, the stock was down only by -0.42%. For the week, the stock is -1.35%, over previous weeks closing.


Also, Jefferies maintains its view on Chevron Corporation (NYSE:CVX) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Jefferies raises the price target from $114 per share to $116 per share on Chevron Corporation. The rating by the firm was issued on July 11, 2016.

Chevron Corporation (NYSE:CVX): The stock opened at $105.93 on Wednesday but the bulls could not build on the opening and the stock topped out at $106.13 for the day. The stock traded down to $105.00 during the day, due to lack of any buying support eventually closed down at $105.59 with a loss of -0.42% for the day. The stock had closed at $106.04 on the previous day. The total traded volume was 6,802,012 shares.

The stock has recorded a 20-day Moving Average of 1.19% and the 50-Day Moving Average is 3.14%. In a related news,The director of Chevron Corp, Deily Linnet F sold 869 shares at $103.27 on May 2, 2016. The Insider selling transaction had a total value worth of $89,742. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Companys Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

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