Large Outflow of Money Witnessed in Chevron Corporation

Chevron Corporation (CVX) : The value of composite uptick trades was $173.21 million, whereas, the value of composite downtick trades was $250.99 million. The uptick to downtick ratio stood at 0.69 with a negative money flow of ($77.78) Million during Tuesdays trading session. The block trades money flow was negative ($68.27 million).The uptick to the downtick ratio of 0.36 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $38.15 million. The transaction of the trades on downticks amounted to $106.41 million, which confirms investors selling on the strength of price. Chevron Corporation (CVX) gained 139 cents at $106.78, an increase of 1.32% over the previous days close.


The company Insiders own 0.4% of Chevron Corporation shares according to the proxy statements. Institutional Investors own 64.13% of Chevron Corporation shares. In an insider trading activity, The Securities and Exchange Commission has divulged that Deily Linnet F, director of Chevron Corp, had unloaded 869 shares at an average price of $103.27 in a transaction dated on May 2, 2016. The total value of the transaction was worth $89,742.

Shares of Chevron Corporation rose by 3.1% in the last five trading days and 4.71% for the last 4 weeks. Chevron Corporation is up 10.66% in the last 3-month period. Year-to-Date the stock performance stands at 21.47%.

Chevron Corporation (NYSE:CVX): stock turned positive on Tuesday. Though the stock opened at $106.3, the bulls momentum made the stock top out at $107.3 level for the day. The stock recorded a low of $106.18 and closed the trading day at $106.78, in the green by 1.32%. The total traded volume for the day was 8,377,156. The stock had closed at $105.39 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.