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Marathon and More Big Movers in Oil and Gas Operations on October 8, 2012
On a bad day for the market, the Nasdaq is trading down 1%, the S&P 500 is down 0.4% and the Dow has slipped 0.3%.
The Oil and Gas Operations sector (DIG) is down 0.6%, outperforming the market overall. Currently, the biggest movers in the sector are:
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Marathon (NYSE:MPC) has increased to a share price of $58.15, a 6% rise. So far today, the company's volume is 5.7 million shares, 2.2 times the average daily volume. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.
Falling 5.3%, Calumet Specialty Products Partners (Nasdaq:CLMT) is currently at a share price of $31.88. So far today, the company's volume is 518,109 shares. A stock's volume conveys how excited investors are about it.
Currently trading at $18.13 per share, Swift Energy (NYSE:SFY) has fallen 5.3%. So far today, the company's volume is 351,735 shares, consistent with its current three-month average. Volume is an important indicator because it indicates how significant a price shift is.
Suburban Propane Partners (NYSE:SPH) has fallen 3.8% and is currently trading at $42.90 per share. The company's volume for the day so far is 278,158 shares. This is on pace to reach yesterday's trading volume of 579,548 shares. If a stock price makes a big move up or down, volume lets us know the significance of that move.
EXCO Resources (NYSE:XCO) has risen 2.9% and is currently trading at $8.30 per share. The company's volume is currently 1.3 million shares for the day, 0.3 times its current daily average. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move.
Tesoro (NYSE:TSO) is down 2% to reach $42.36 per share. So far today, 1.7 million shares have changed hands. In technical analysis, trading volume is used to determine the strength of a market indicator.
Chesapeake Midstream Partners (NYSE:ACMP) is currently trading at $34.83 per share, a 2% increase. At 124,291 shares, the company's volume so far today is 0.3 times the average volume over the last three months. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
The Oil and Gas Operations sector (DIG) is down 0.6%, outperforming the market overall. Currently, the biggest movers in the sector are:
| Company | Market Cap | Percentage Change |
| Marathon (NYSE:MPC) | $18.56 billion | +6% |
| Calumet Specialty Products Partners (Nasdaq:CLMT) | $1.94 billion | -5.3% |
| Swift Energy (NYSE:SFY) | $820.8 million | -5.3% |
| Suburban Propane Partners (NYSE:SPH) | $2.22 billion | -3.8% |
| EXCO Resources (NYSE:XCO) | $1.75 billion | +2.9% |
| Tesoro (NYSE:TSO) | $6.04 billion | -2% |
| Chesapeake Midstream Partners (NYSE:ACMP) | $5.06 billion | +2% |
Marathon (NYSE:MPC) has increased to a share price of $58.15, a 6% rise. So far today, the company's volume is 5.7 million shares, 2.2 times the average daily volume. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.
Falling 5.3%, Calumet Specialty Products Partners (Nasdaq:CLMT) is currently at a share price of $31.88. So far today, the company's volume is 518,109 shares. A stock's volume conveys how excited investors are about it.
Currently trading at $18.13 per share, Swift Energy (NYSE:SFY) has fallen 5.3%. So far today, the company's volume is 351,735 shares, consistent with its current three-month average. Volume is an important indicator because it indicates how significant a price shift is.
EXCO Resources (NYSE:XCO) has risen 2.9% and is currently trading at $8.30 per share. The company's volume is currently 1.3 million shares for the day, 0.3 times its current daily average. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move.
Tesoro (NYSE:TSO) is down 2% to reach $42.36 per share. So far today, 1.7 million shares have changed hands. In technical analysis, trading volume is used to determine the strength of a market indicator.
Chesapeake Midstream Partners (NYSE:ACMP) is currently trading at $34.83 per share, a 2% increase. At 124,291 shares, the company's volume so far today is 0.3 times the average volume over the last three months. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
by
Investopedia Staff
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