Large Inflow of Money Detected in Magellan Midstream Partners L.P.

Magellan Midstream Partners L.P. (MMP) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $23.1 million worth of transactions were on upticks, whereas, the downticks accounted for $14.45 million worth of transactions. The net money flow was a positive $8.66 million and the uptick to downtick ratio was 1.6. The net money flow into the stock was $9.47 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $9.47 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Magellan Midstream Partners L.P. (MMP) was trading at $70.63, down $0.98 during day. The stock slid -1.37% over the previous days close. For the week, the stock recorded 0.71% over the previous weeks close.


Shares of Magellan Midstream Partners LP appreciated by 0.33% during the last five trading days but lost 5.6% on a 4-week basis. Magellan Midstream Partners LP is up 1.17% in the last 3-month period. Year-to-Date the stock performance stands at 7.72%.

Magellan Midstream Partners L.P. (NYSE:MMP): The stock opened at $72.09 on Monday but the bulls could not build on the opening and the stock topped out at $72.53 for the day. The stock traded down to $70.32 during the day, due to lack of any buying support eventually closed down at $70.63 with a loss of -1.37% for the day. The stock had closed at $71.61 on the previous day. The total traded volume was 1,040,271 shares.

In a related news, Selvidge Jeff R, officer (Senior Vice President) of Magellan Midstream Partners Lp, unloaded 5,504 shares at an average price of $72 on May 6, 2016. The total amount of the transaction was worth $396,288, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Magellan Midstream Partners, L.P. (Magellan) is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Companys business segments include Refined Products, Crude Oil and Marine Storage. The Companys refined products segment consists of Magellans 9,500-mile refined products pipeline system with 53 terminals, as well as 27 independent terminals not connected to the Companys pipeline system and its 1,100-mile ammonia pipeline system. Magellans crude oil segment consists of approximately 1,600 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 21 million barrels, of which 12 million is used for leased storage. Its marine storage segment consists of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

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