BP (LON:BP) Stock Crosses Above 50-Day Moving Average - What's Next?

Key Points

• BP's share price has crossed above its 50-day moving average, currently at GBX 376.90, with the stock trading as high as GBX 407.80.
• The company has a market cap of £77.42 billion and a price-to-earnings ratio of 29.71, indicating its standing in the market.
• Recent insider activity includes Murray Auchincloss selling 336,621 shares while Hina Nagarajan acquired 5,000 shares, showing mixed insider sentiment.

BP p.l.c. (LON:BP - )'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 376.90 ($5.07) and traded as high as GBX 407.80 ($5.48). BP shares last traded at GBX 397.75 ($5.35), with a volume of 25,372,335 shares changing hands.

BP Stock Performance

The stock has a market cap of £77.42 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22. The company's 50 day simple moving average is GBX 376.90 and its 200 day simple moving average is GBX 396.74.

Insider Activity

In other news, insider Murray Auchincloss sold 336,621 shares of BP stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of GBX 359 ($4.82), for a total value of £1,208,469.39 ($1,624,068.53). Also, insider Hina Nagarajan acquired 5,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of GBX 348 ($4.68) per share, for a total transaction of £17,400 ($23,383.95). In the last three months, insiders have acquired 5,214 shares of company stock worth $1,820,903. 0.26% of the stock is owned by corporate insiders.

BP Company Profile

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.

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