NEW YORK (AVAFIN) -- A total of 11 block trades were executed today, typically at least 10,000
shares or more represent a single block unit. Block trades help investors understand the
sentiment of large financial institutions. Further trading analysis reveals that
244,500 shares were bought and 139,800 shares were sold.
The bought/sold ratio for shares of Tesoro Corporation is 1.75, representing a
positive net cash flow of $5,810,901 into
View all Block Trading Activities
A deeper look into options trading also reveals that traders hedged their positions with options
where 3,334 put and 15,197 call contracts exchanged hands leading to a 0.22
Despite early signs of economic recovery, gasoline demand is unlikely to rebound significantly while unemployment levels remain high.
Additionaly, High gasoline prices generate political support for alternative fuels and transportation solutions that may make them economically viable, permanently destroying gasoline demand and damaging refiners' long-term business prospects.
Tesoro is engaged in the refining and retail marketing of refined petroleum products. The company operates seven refineries with a total crude oil capacity of 665,000 barrels a day, including the largest refineries in Hawaii and Utah and the second-largest in northern California. Tesoro also operates more than 850 retail fuel outlets in the Western and midcontinental United States.
The last trading session witnessed a low of $54.16 and high of $57.14 during the day. Shares of Tesoro Corporation
slipped $1.83 (3.22%) to $55.02. The current trading volume of 5M is greater
than average volume of 3M shares. The stock's 52 week low is $20.77 and 52 week high is $59.90. Within the last quarter, the shares have gained 31.14% of their value.