BP (LON:BP) Stock Crosses Above 50 Day Moving Average - Time to Sell?

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 - Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 376.90 ($5.04) and traded as high as GBX 407.80 ($5.45). BP shares last traded at GBX 397.75 ($5.31), with a volume of 25,372,335 shares trading hands.

BP Trading Up 2.2%

The company has a 50 day moving average of GBX 377.40 and a 200 day moving average of GBX 396.23. The stock has a market capitalization of £79.14 billion, a price-to-earnings ratio of 30.37, a P/E/G 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.

Insider Transactions at BP

In other BP news, insider Hina Nagarajan acquired 5,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of GBX 348 ($4.65) per share, with a total value of £17,400 ($23,246.49). Also, insider Murray Auchincloss purchased 97 shares of BP stock in a transaction that occurred on Thursday, July 10th. The shares were bought at an average price of GBX 385 ($5.14) per share, for a total transaction of £373.45 ($498.93). In the last quarter, insiders have purchased 5,214 shares of company stock valued at $1,820,903. 0.26% of the stock is currently owned by company 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.