Aegean Marine Petroleum Network (ANW) : Traders are bullish on Aegean Marine Petroleum Network (ANW) as it has outperformed the S&P 500 by a wide margin of 30.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 23.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 23.25% in the last 1 week, and is up 31.9% 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 26.56% and the 50-Day Moving Average is 34.43%. Aegean Marine Petroleum Network (NYSE:ANW): stock turned positive on Friday. Though the stock opened at $7.89, the bulls momentum made the stock top out at $8.49 level for the day. The stock recorded a low of $7.83 and closed the trading day at $8.27, in the green by 6.30%. The total traded volume for the day was 544,676. The stock had closed at $7.78 in the previous days trading.
Institutional Investors own 59.2% of Aegean Marine Petroleum Network shares.
Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers the fuels from its bunkering vessels to a range of end users. As of December 31, 2014, the Company owned and operated a fleet of 49 bunkering vessels and it chartered-in 13 bunkering vessels, with an aggregate carrying capacity of approximately 324,000 deadweight tonnage (dwt). The Company provides fueling services to various types of ocean-going and coastal vessels, such as oil tankers, container ships, drybulk carriers, cruise ships, reefers, liquefied natural gas (LNG) or liquefied petroleum gas (LPG) carriers, car carriers and ferries. The Company also markets and distributes marine lubricants under the Alfa Marine Lubricants brand.