Heavy Volume And Pre-Market Movement For BP (BP)

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Trade-Ideas LLC identified BP ( BP) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified BP as such a stock due to the following factors:

  • BP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $134.7 million.
  • BP traded 322,565 shares today in the pre-market hours as of 8:36 AM, representing 12.2% of its average daily volume.

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More details on BP:

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide. The stock currently has a dividend yield of 4.5%. BP has a PE ratio of 7.0. Currently there are 6 analysts that rate BP a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for BP has been 3.7 million shares per day over the past 30 days. BP has a market cap of $158.7 billion and is part of the basic materials sector and energy industry. Shares are up 6.4% year-to-date as of the close of trading on Tuesday.

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