BP (LON:BP) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

Shares of BP p.l.c. (LON:BP - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 366.41 ($5.00) and traded as high as GBX 370.80 ($5.06). BP shares last traded at GBX 365.70 ($4.99), with a volume of 27,109,379 shares.

BP Stock Up 0.1%

The stock has a market capitalization of £73.81 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The business's 50-day moving average is GBX 367.36 and its two-hundred day moving average is GBX 396.23. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65.

Insider Activity

In other news, insider Murray Auchincloss sold 336,621 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of GBX 359 ($4.90), for a total value of £1,208,469.39 ($1,648,887.15). Also, insider Hina Nagarajan purchased 5,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of GBX 348 ($4.75) per share, for a total transaction of £17,400 ($23,741.30). Insiders acquired a total of 5,222 shares of company stock worth $1,818,107 over the last quarter. 0.26% of the stock is currently owned by company insiders.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.