CST Brands (CST) : Traders are increasing their bearish positions on the stock, as is visible by the 5.4% jump in the outstanding short positions; a total addition of 223,772 shares on the sell side. On Jul 29, 2016, the total short positions were 4,166,677 shares, which went up to 4,390,449 shares by the close of trading on August 15, 2016. It will take 9 days for the bears to roll over or cover. An average of 496,675 shares exchange hands daily. 5.9% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
CST Brands (NYSE:CST): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.65 and $47.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.77, notching a gain of 0.38% for the day. The total traded volume was 3,327,785 . The stock had closed at $47.59 on the previous day.
In a related news, Sonnier Gerard J, officer (SVP, GC and Secretary) of Cst Brands, Inc. had purchased 1,000 shares on March 11, 2016 in a transaction. The price per share was $39.5 and the total amount of the disclosed transaction was $39,500.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
CST Brands, Inc. (CST) is a holding company. The Company is an independent retail and wholesale distributors of motor fuel and convenience merchandise and services in North America. Its retail operations include the sale of motor fuel at convenience stores, commission agents and cardlocks; the sale of convenience merchandise items and services at convenience stores, and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers. The Company operates in three segments: U.S. Retail, which is the Company, owned and operated convenience store businesses; Canadian Retail, which includes company owned and operated convenience stores, commission agents, cardlocks and heating oil operations located in Canada, and CrossAmerica, which distributes motor fuel to lessee dealers, independent dealers, affiliated dealers, CSTs U.S. Retail Segment and sub-wholesalers, retail commission agents and non-core Company operated convenience stores.