Shares of Chevron Corporation (CVX) Sees Large Inflow of Net Money Flow

Chevron Corporation (CVX) : Investors lapped up stocks on upticks to the tune of $78.04 million in the Fridays trading session. The trading value on downticks was comparatively at $67.42 million and the uptick to downtick ratio of 1.16 indicates continuous buying by the bulls. The net money flow into the stock was $10.61 million. Upticks saw transactions worth $8.95 clearly indicating buying by large investors. The total money flow for block trades stood at $8.95 million, which is a positive for the stock in the long-term. Chevron Corporation (CVX) fell $0.1 during the day at $105.29, a drop of -0.09% over the previous days close. However, for the week, the stock is -1.63%, compared to the previous week.


Chevron Corporation (CVX) : The highest level Chevron Corporation (CVX) is projected to reach is $125 for the short term and the lowest estimate is at $85. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $111.67 and the possibility the share price can swing is $10.45.

Chevron Corporation (NYSE:CVX): stock turned positive on Friday. Though the stock opened at $105.68, the bulls momentum made the stock top out at $106 level for the day. The stock recorded a low of $105.2 and closed the trading day at $105.66, in the green by 0.26%. The total traded volume for the day was 5,255,366. The stock had closed at $105.39 in the previous days trading.

In a related news, 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.

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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