Shares of Tesoro Corporation (TSO) Sees Large Outflow of Money

Tesoro Corporation (TSO) : The value of composite uptick trades was $5.63 million, whereas, the value of composite downtick trades was $6.46 million. The uptick to downtick ratio stood at 0.87 with a negative money flow of ($0.83) Million during Tuesdays trading session. The block trades money flow was negative ($1.01 million). The transaction of the trades on downticks amounted to $1.01 million, which confirms investors selling on the strength of price. Tesoro Corporation (TSO) gained 6 cents at $73.81, an increase of 0.09% over the previous days close.


Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Tesoro Corporation (NYSE:TSO). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $105 per share to $100 per share. The rating by the firm was issued on August 5, 2016.

Shares of Tesoro Corporation rose by 1.66% in the last five trading days and 2.45% for the last 4 weeks. Tesoro Corporation has dropped 4.61% during the last 3-month period . Year-to-Date the stock performance stands at -26.57%.

Tesoro Corporation (NYSE:TSO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.07 and $73.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.83, notching a gain of 2.82% for the day. The total traded volume was 2,057,261 . The stock had closed at $73.75 on the previous day.

In a related news,The officer (SVP, Commercial) of Tesoro Corp /New/, Schofield Daryl R sold 2,660 shares at $80 on May 23, 2016. The Insider selling transaction had a total value worth of $212,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Tesoro Corporation is an independent petroleum refining and marketing company. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels. The Company operates through three business segments: Refining operating segment, which owns and perates six petroleum refineries with a combined crude oil capacity of 850 thousand barrels per day (Mbpd) located in the western United States and sells transportation fuels to a variety of customers; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminalling, transportation and storage assets, and Retail operating segment, which sells transportation fuels in approximately 16 states through a network of approximately 2,267 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.

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