Tesoro Corporation (TSO) has been under a strong bear grip, hence the stock is down -0.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.31% in the past 1 week. The stock has risen by 0.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.21% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 0.35%.The 200 Day SMA reached 11.11%. Tesoro Corporation has dropped 6.28% during the last 3-month period . Year-to-Date the stock performance stands at -27.81%.
Tesoro Corporation (NYSE:TSO): After opening at $73.87, the stock dipped to an intraday low of $72.95 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $74.72 and the buying power remained strong till the end. The stock closed at $74.55 for the day, a gain of 1.69% for the day session. The total traded volume was 1,957,385. The stocks close on the previous trading day was $73.31.
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.