Large Outflow of Money Witnessed in Sunoco LP

Sunoco LP (SUN) : The total negative money flow of $2.65 million on Friday indicates selling on strength. The inflow of money on upticks was $1.59 million, compared to $4.24 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.38. The negative money flow of $2.3 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $2.3 million. The price action in the Sunoco LP (SUN) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $30.69 with a gain of $0.19 , a change of 0.61% over the previous days close. The stock registered 2.18% for the week.


Sunoco LP (SUN) : 12 investment research analysts covering Sunoco LP (SUN) have an average price target of $39.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $51 and the lowest target is $23 for the short term. Analysts expect the variance to be within $8.05 of the average price.

Sunoco LP (NYSE:SUN): stock turned positive on Friday. Though the stock opened at $30.43, the bulls momentum made the stock top out at $30.78 level for the day. The stock recorded a low of $30.4 and closed the trading day at $30.63, in the green by 0.43%. The total traded volume for the day was 362,232. The stock had closed at $30.5 in the previous days trading.

In a related news, Mckinley Leta, officer (VP & Controller) of Sunoco Lp had purchased 780 shares on September 10, 2015 in a transaction. The price per share was $36.46 and the total amount of the disclosed transaction was $28,439.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the fee-based wholesale distribution of motor fuels to Susser and third parties in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia and Hawaii. The Company is also engaged in the retail sale of motor fuel and the operation of convenience stores through its subsidiaries. It operates in two segments: Wholesale operations segment, which sells motor fuel to its retail segment and external customers, and Retail operations segment, which operates convenience stores selling a variety of merchandise, food items, services and motor fuel. It operates through its subsidiaries: Susser Petroleum Operating Company LLC, T&C Wholesale LLC, Susser Energy Services LLC, Susser Petroleum Property Company LLC, Southside Oil, LLC and Aloha Petroleum, Ltd, among others. It distributes motor fuel under the Chevron, Citgo, Conoco, Exxon, Mobil, Phillips66, Shamrock, Texaco, and Mahalo brands, among others.

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