Large Inflow of Money Detected in Chevron Corporation

Chevron Corporation (CVX) : Tuesdays money flow indicated an uptick to downtick ratio was at 1.12. The total value of inflow transactions on upticks was $68 million, whereas, the total value of outflow trades on downticks was $60.63 million. The total money flow was $7.37 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $7.22 million. The total value of the trades done on upticks was $7.22 million. Chevron Corporation (CVX) was trading with a -0.32% change over previous days close. It fell $0.33 during the day and reached $101.72. The stock was 0.39% compared to the previous weeks close.


Also, PiperJaffray upgrades their rating on the shares of Chevron Corporation (NYSE:CVX). The current rating of the shares is Overweight. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 9, 2016.

Shares of Chevron Corporation rose by 0.02% in the last five trading days and 3.69% for the last 4 weeks. Chevron Corporation is up 1.62% in the last 3-month period. Year-to-Date the stock performance stands at 16.91%.

Chevron Corporation (NYSE:CVX): The stock opened at $102.30 on Tuesday but the bulls could not build on the opening and the stock topped out at $102.63 for the day. The stock traded down to $101.37 during the day, due to lack of any buying support eventually closed down at $101.70 with a loss of -0.34% for the day. The stock had closed at $102.05 on the previous day. The total traded volume was 3,712,813 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Chevron Corp, Geagea Joseph C had sold 26,000 shares worth of $2,665,000 in a transaction dated August 12, 2016. In this transaction, 26,000 shares were sold at $102.5 per share.

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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