Shares of Tesoro Under Pressure, Down 2.1%

Published on Thu, 07/30/2015 - 12:49
By Adrienne Chilton in Market movers, tso, market movers, nyse:tso, tesoro

Tesoro (NYSE:TSO) is one of today's biggest movers, down 2.1% to $95.70. The Dow is trading fractionally lower to 17,749 and the S&P is currently trading fractionally lower to 2,108.

Tesoro has overhead space with shares priced $95.70, or 11.0% below the average consensus analyst price target of $107.50. The stock should discover initial support at its 50-day moving average (MA) of $90.35 and subsequent support at its 200-day MA of $82.71.

Tesoro Corporation refines and markets petroleum products, and provides transporting services. The Company operates refineries, as well as a network of retail and refueling stations in the western United States. Tesoro also markets gasoline and diesel fuel to independent marketers and commercial end users.

Tesoro share prices have moved between a 52-week high of $104.44 and a 52-week low of $55.59 and are now trading 72% above that low price at $95.70 per share. The 200-day and 50-day moving averages have moved 0.64% higher and 0.37% higher over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com

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