August 1, 2016 - 4:08 PM EDT
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Basic Materials Sector Feels Loss of 1.47% for Tesoro Corporation (TSO) in Early Trading on August 1

Tesoro Corporation (TSO) started the trading day on a down note, making it one of the worst performing stocks in the basic materials sector of NYSE and NASDAQ listed companies shortly after the opening bell on August 1. Shares of TSO have fallen 1.47% about 30 minutes into the session to $75.03 after closing the day prior at $76.15. It’s early, but the stock has traded as high as $76.34 and as low as $75.03 so far. Today's quick decline has come with about 43,193 shares changing hands, compared to an average 30-day volume of 1.87 million for Tesoro Corporation. The price is currently below the 30-day volume weighted average price of $75.69 for TSO. The share depreciation gives the company a market capitalization of $9.14 billion based upon 119.98 million shares outstanding. It also means that TSO has a price-to-book ratio of 1.75:1. In the past 52 weeks, shares of TSO have traded as low as $67.8 and as high as $119.67. Technical traders will take note that at $75.03, shares of TSO are trading below their 200-day MA at $88.18 and below their 50-day MA at $76.33. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is TSO? 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. The company’s 6000 employees are led by CEO Gregory J. Goff from the corporate headquarters at 19100 Ridgewood Parkway in San Antonio, TX. For more information on TSO and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (August 1, 2016 - 4:08 PM EDT)

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