July 25, 2016 - 10:17 AM EDT
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Tesoro Corporation (TSO) Weighs on S&P 500 with 1.57% Loss in Early Trading on July 25


Tesoro Corporation (TSO) started the trading day on a down note, making it one of the worst performing stocks in the S&P 500 Index shortly after the opening bell on July 25. Shares of TSO have fallen 1.57% about 30 minutes into the session to $74.63 after closing the day prior at $75.82. It’s early, but the stock has traded as high as $75.68 and as low as $74.5 so far. Today’s quick decline has come with about 30,731 shares changing hands, compared to an average 30-day volume of 1.98 million for Tesoro Corporation. The price is currently below the 30-day volume weighted average price of $75.09 for TSO.

The share depreciation gives the Energy company a market capitalization of $9.1 billion based upon 119.98 million shares outstanding. It also means that TSO has a price-to-book ratio of 1.74:1 and a price-to-earnings ratio of 6.4:1.

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 $74.63, shares of TSO are trading below their 200-day MA at $88.8 and below their 50-day MA at $76.36. 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.

What is the S&P 500 Index?

Developed and managed by S&P Dow Jones Indices, the Standard & Poor’s 500 (typically just called the S&P 500) is a market value weighted stock index of 500 large companies listed on the New York Stock Exchange or NASDAQ exchanges. Originally built in 1923, the “Composite Index,” as it was called back then, included only a handful of stocks, with expansion to 90 stocks in 1926 and further expansion in 1957 to 500 components. The S&P Index Committee, comprised of a group of Standard and Poor’s analysts and economists, selects components of the index. Because it has a large number of blue chip companies spanning 11 sectors that capture about 80 percent of available market capitalization, the S&P 500 is widely regarded as the most comprehensive view of the U.S. stock market and a barometer of the health of the nation’s economy.

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 FinancialPress.com today.

All data provided by QuoteMedia and was accurate as of 9:30 AM ET.

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Source: Financial Press News (July 25, 2016 - 10:17 AM EDT)

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