Shares of Tesoro Corporation (TSO) Sees Large Inflow of Net Money Flow

Tesoro Corporation (TSO) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $22.27 million worth of transactions were on upticks, whereas, the downticks accounted for $20.65 million worth of transactions. The net money flow was a positive $1.61 million and the uptick to downtick ratio was 1.08. The net money flow into the stock was $1.14 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.14 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Tesoro Corporation (TSO) was trading at $75.83, down $0.48 during day. The stock slid -0.63% over the previous days close. For the week, the stock recorded 0.56% over the previous weeks close.


Tesoro Corporation (TSO) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $120 and the lowest price target forecast is $78. The average forecast of all the analysts is $98.09 and the expected standard deviation is $12.68.

Tesoro Corporation (NYSE:TSO): On Fridays trading session , Opening price of the stock was $76.49 with an intraday high of $76.545. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $74.63. However, the stock managed to close at $75.82, a loss of 0.64% for the day. On the previous day, the stock had closed at $76.31. The total traded volume of the day was 1,417,582 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Commercial) of Tesoro Corp /New/, Schofield Daryl R had sold 2,660 shares worth of $212,800 in a transaction dated May 23, 2016. In this transaction, 2,660 shares were sold at $80 per share.

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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