Shares of Tesoro Corporation (TSO) Rally 3.7%

Tesoro Corporation (TSO) has been under a strong bear grip, hence the stock is down -0.34% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.17% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.7% in the last 1 week, and is up 4.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.14% and the 50-Day Moving Average is 1.26%.

Tesoro Corporation (NYSE:TSO): The stock opened at $76.13 on Friday but the bulls could not build on the opening and the stock topped out at $76.41 for the day. The stock traded down to $74.85 during the day, due to lack of any buying support eventually closed down at $75.41 with a loss of -0.51% for the day. The stock had closed at $75.80 on the previous day. The total traded volume was 1,478,643 shares.


The company Insiders own 0.88% of Tesoro Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7.88% . Institutional Investors own 90.02% of Tesoro Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 19.48%. In a related news,The officer (SVP, Commercial) of Tesoro Corp /New/, Schofield Daryl R sold 2,660 shares at $80 on May 23, 2016. The Insider selling transaction had a total value worth of $212,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Tesoro Corporation is an independent petroleum refining and marketing company. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels. The Company operates through three business segments: Refining operating segment, which owns and perates six petroleum refineries with a combined crude oil capacity of 850 thousand barrels per day (Mbpd) located in the western United States and sells transportation fuels to a variety of customers; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminalling, transportation and storage assets, and Retail operating segment, which sells transportation fuels in approximately 16 states through a network of approximately 2,267 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.

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