Nustar GP Holdings LLC (NSH) : Tuesdays money flow analysis of Nustar GP Holdings LLC (NSH) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $1.07 million. In comparison, the inflow of money on upticks was a meager $0.17 million. The dollar value of composite uptick trades minus the downtick trades was negative $0.9 million. The uptick to downtick ratio of 0.16 in the money flow shows weakness. The downtick transaction value was high at $0.92 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($0.92 million). Nustar GP Holdings LLC (NSH) gained $0.43 at $24.5, a change of 1.79% over the previous days close.
Also, Citigroup upgrades its view on Nustar GP Holdings LLC (NYSE:NSH) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Citigroup raises the price target from $26 per share to $29 per share on Nustar GP Holdings LLC. The rating by the firm was issued on August 12, 2016.
NuStar GP Holdings, LLC has dropped 2.3% in the last five trading days, however, the shares have posted positive gains of 4.91% in the last 4 weeks. NuStar GP Holdings, LLC has dropped 2.87% during the last 3-month period . Year-to-Date the stock performance stands at 23.62%.
Nustar GP Holdings LLC (NYSE:NSH): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.24 and $24.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.20, notching a gain of 0.54% for the day. The total traded volume was 86,692 . The stock had closed at $24.07 on the previous day.
In a related news, Greehey William E, director 10% owner of Nustar Gp Holdings, Llc, executed a transaction worth $405,254 on August 11, 2016. A total of 16,308 shares were purchased at an average price of $24.85. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
NuStar GP Holdings, LLC is a limited liability company. The Company has ownership interests in NuStar Energy L.P. (NuStar Energy), which is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. The Company, through NuStar Energy, has interests in 81 terminal and storage facilities. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean and the United Kingdom. NuStar Energy constructs and operates its pipelines, storage terminals and other facilities on land owned by third-parties and Governmental agencies. NuStar Energys segments include pipeline segment, storage segment and fuels marketing segment. The Companys wholly owned subsidiary, NuStar GP, LLC, provides administrative services to the Company.