Large Inflow of Money Detected in HollyFrontier Corporation

HollyFrontier Corporation (HFC) : On Wednesday, The money flowed into the HollyFrontier Corporation (HFC) stock with an uptick to downtick ratio was recorded at 1.38. Transactions worth $16.1 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $11.65 million. The total money flow into the stock was $4.46 million. The block trades reveal a bullish bias with an up-down ratio of 14.84. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.34 million of block transactions on upticks. The value of block trades on downticks was $0.36 million, indicating lower selling interest. The total money flow in block trades was $4.98 million. In terms of price action, HollyFrontier Corporation (HFC) traded down $0.37 during the session at $23.99. Compared to the previous days closing, the stock was down only by -1.52%. For the week, the stock is -0.12%, over previous weeks closing.


Also, Brokerage firm Deutsche Bank downgrades its rating on HollyFrontier Corporation (NYSE:HFC). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 12, 2016.

HollyFrontier Corporation (NYSE:HFC): The stock opened at $24.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.43 for the day. The stock traded down to $23.88 during the day, due to lack of any buying support eventually closed down at $23.99 with a loss of -1.52% for the day. The stock had closed at $24.36 on the previous day. The total traded volume was 3,272,757 shares.

The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 6.52%. In a related news,The director officer (Executive Chairman) of Hollyfrontier Corp, Jennings Michael sold 35,000 shares at $35.53 on March 29, 2016. The Insider selling transaction had a total value worth of $1,243,550. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

HollyFrontier Corporation is an independent petroleum refiner in the United States. The Company produces refined products, such as gasoline, diesel fuel, jet fuel, lubricant products, and specialty and modified asphalt. The Company operates through two segments, namely, Refining and HEP. The Refining segment includes the operations of its El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries, and NK Asphalt Partners (NK Asphalt). The Companys refinery operations serve the Mid-Continent, Southwest and Rocky Mountain regions of the United States. The HEP segment includes of the operations of the Companys subsidiary Holly Energy Partners, L.P. (HEP). HEP is a limited partnership that acquires, owns and operates of the refined product pipeline and terminalling assets that support the refining and marketing operations in the Mid-Continent, Southwest and Rocky Mountain regions of the United States.

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