Volume Spike Investor » HES http://vsinvestor.com Investing in stocks based on short term spikes in volume Sat, 05 Nov 2011 14:20:15 +0000 en hourly 1 http://wordpress.org/?v=3.2 Volume Alert: Refiners retreat on supply concerns (SUN, COP, HES, OXY) http://vsinvestor.com/2009/06/volume-alert-refiners-retreat-on-supply-concerns-sun-cop-hes-oxy.html http://vsinvestor.com/2009/06/volume-alert-refiners-retreat-on-supply-concerns-sun-cop-hes-oxy.html#comments Tue, 30 Jun 2009 14:51:35 +0000 247admin http://www.vsinvestor.com/?p=635 Shares of refiner Sunoco Inc. (SUN) are down more than 2 percent, and have traded roughly a third of their average daily volume in the first 75 minutes of trading on Tuesday. Goldman Sachs early this morning cut its rating on Sunoco, noting rising gasoline inventories and new refineries coming on that could further boost supplies, potentially hurting prices.

Also, oil has dropped below $70 a barrel, with refiners lagging the overall market. ConocoPhillips (NYSE: COP) shares are down 1.7% on slightly above-average volume for this time in the session. Hess Corp. (NYSE: HES) shares are down nearly 3 percent, also on slightly elevated volume. Occidental Petroleum Corp. (NYSE: OXY) shares are down roughly 2 percent on average volume. — Mike Tarsala

 

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