Large Inflow of Money Detected in Sunoco LP

Sunoco LP (SUN) : $5.25 million worth of transactions were on upticks in Sunoco LP (SUN), compared to $1.71 million on downticks. The ratio between the two was 3.07, whereas, the net money flow stood at a healthy $3.54 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $3.75million worth of trades. The total money flow into the stock stood at $3.75 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.92%. The stock was trading at $30.26, with a drop of $0.28 over the previous days close. The stock recorded 0.7% for the week.


Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, assumes their rating on the shares of Sunoco LP (NYSE:SUN). Morgan Stanley has a Equal-weight rating on the shares. As per the latest report, the brokerage house announces the price target to $32 per share. The rating by the firm was issued on August 15, 2016.

Sunoco LP has dropped 1.63% in the last five trading days, however, the shares have posted positive gains of 0.21% in the last 4 weeks. Sunoco LP has dropped 7.96% during the last 3-month period . Year-to-Date the stock performance stands at -17.68%.

Sunoco LP (NYSE:SUN): The stock opened at $30.45 on Tuesday but the bulls could not build on the opening and the stock topped out at $30.67 for the day. The stock traded down to $30.14 during the day, due to lack of any buying support eventually closed down at $30.24 with a loss of -0.98% for the day. The stock had closed at $30.54 on the previous day. The total traded volume was 320,587 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP & Controller) of Sunoco Lp, Mckinley Leta, had purchased 780 shares in a transaction dated on September 10, 2015. The transaction was executed at $36.46 per share with total amount equaling $28,439.

Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the fee-based wholesale distribution of motor fuels to Susser and third parties in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia and Hawaii. The Company is also engaged in the retail sale of motor fuel and the operation of convenience stores through its subsidiaries. It operates in two segments: Wholesale operations segment, which sells motor fuel to its retail segment and external customers, and Retail operations segment, which operates convenience stores selling a variety of merchandise, food items, services and motor fuel. It operates through its subsidiaries: Susser Petroleum Operating Company LLC, T&C Wholesale LLC, Susser Energy Services LLC, Susser Petroleum Property Company LLC, Southside Oil, LLC and Aloha Petroleum, Ltd, among others. It distributes motor fuel under the Chevron, Citgo, Conoco, Exxon, Mobil, Phillips66, Shamrock, Texaco, and Mahalo brands, among others.

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