Shares of MPLX LP (MPLX) Sees Large Outflow of Money

MPLX LP (MPLX) : Money flow in the MPLX LP (MPLX) stock was negative (4.57 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.24 million, compared to $9.81 million on downticks. The total uptick to downtick ratio was 0.53, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.78 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.23 million. Downtick transaction value in block trades amounted to $5.02 million, indicating persistent selling. The uptick to downtick ratio was 0.25. MPLX LP (MPLX) traded $0.35 higher at $32.8 gaining 1.08% over the previous days close.


Shares of MPLX LP rose by 0.06% in the last five trading days and 0.64% for the last 4 weeks. MPLX LP is up 5.99% in the last 3-month period. Year-to-Date the stock performance stands at -11.92%.

MPLX LP (NYSE:MPLX): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.11 and $32.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.02, notching a gain of 0.67% for the day. The total traded volume was 1,459,141 . The stock had closed at $32.80 on the previous day.

In a related news, The officer (Senior VP and CAO), of Mplx Lp, Rosson Paula L had unloaded 12,267 shares at $33.38 per share in a transaction on July 1, 2016. The total value of transaction was $409,472. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

MPLX LP is a fee-based master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. The Companys assets include interest in a network of common carrier crude oil and product pipeline systems and storage assets in the Midwest and Gulf Coast regions of the United States. It has interest in a butane cavern in Neal, West Virginia with one million barrels of natural gas liquids storage capacity. It charges tariff for transporting crude oil, refined products and other hydrocarbon-based products through its pipelines and at its barge dock, and fees for storing crude oil and products at its storage facilities. It also operates additional crude oil and product pipelines owned by MPC and third parties for which the Company is paid operating fees. It also has interest in Pipe Line Holdings.

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