Tesoro Corporation (TSO) Moves Higher on Volume Spike for June 09

Equities Staff |

Tesoro Corporation (TSO) traded on unusually high volume on Jun. 09, as the stock gained 2.59% to close at $91.78. On the day, Tesoro Corporation saw 4.26 million shares trade hands on 33,802 trades. Considering that the stock averages only a daily volume of 2.46 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $93.06 and $69.49 over the last 52-weeks, its 50-day SMA is now $81.23, and its 200-day SMA $81.86. Tesoro Corporation has a P/B ratio of 2.68. It also has a P/E ratio of 15.

Tesoro Corp is an independent petroleum refiner and marketer in the United States. Its subsidiaries operate through three business segments, transport crude oil and manufacture, transport and sell transportation fuels.

Headquartered in San Antonio, TX, Tesoro Corporation has 6,300 employees and is currently under the leadership of CEO Gregory J. Goff.

For a complete fundamental analysis analysis of Tesoro Corporation, check out Equities.com’s Stock Valuation Analysis report for TSO.

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To get more information on Tesoro Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: TSO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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