Sunoco (SUN) Showing Signs Of Perilous Reversal Today
Trade-Ideas LLC identified
(
) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Sunoco as such a stock due to the following factors:
- SUN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.4 million.
- SUN has traded 77,696 shares today.
- SUN is down 3.3% today.
- SUN was up 7.9% yesterday.
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More details on SUN:
Sunoco LP engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii. It operates through two segments, Wholesale and Retail. The stock currently has a dividend yield of 1.7%.
The average volume for Sunoco has been 1.8 million shares per day over the past 30 days. Sunoco has a market cap of $4.9 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.42 and a short float of 10.8% with 5.93 days to cover. Shares are up 14.1% year-to-date as of the close of trading on Wednesday.
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