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Trader’s Buzzers: Symantec Corporation (SYMC), ConocoPhillips (COP), Chevron Corporation (CVX)

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Symantec Corporation (SYMC) traded within a range of $27.97 to $28.63 after opening the day at $28.29. The company has seen its stock increase in value by 19.48% so far this year. The stock was down close to -0.18% on active volume in last trading session and closed at $28.47 per share. After the recent fall, the stock is currently holding -2.74% below its 52 week high of $29.35 and 88.87% above its 12-month low of $16.14. The shares are up by over 18.23% in the last three months, and the RSI indicator value of 70.15 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Security and Enterprise Security. The Consumer Security segment offers Norton-branded services that provide multi-layer security and identity protection on desktop and mobile operating systems to defend against online threats to individuals, families, and small businesses. Its Norton Security products help customers protect against complex threats and address the need for identity protection, while also managing mobile and digital data, such as personal financial records, photos, music, and videos. The Enterprise Security segment provides threat protection products, information protection products, cyber security services, and Website security offerings. Its products protect customer data from threats, such as advanced protection threats, malicious spam and phishing attacks, malware, drive-by Website infections, hackers, and cyber criminals; prevent the loss of confidential data by insiders; and help customers achieve and maintain compliance with laws and regulations. This segment delivers its solutions through various methods, such as software, appliance, software-as-a-service, and managed services. The company serves individuals, households, and small businesses; small, medium, and large enterprises; and government and public sector customers. It markets and sells its products and related services through direct sales force, e-commerce platforms, distributors, direct marketers, Internet-based resellers, system builders, Internet service providers, wireless carriers, retailers, original equipment manufacturers, and retail and online stores. Symantec Corporation was founded in 1982 and is headquartered in Mountain View, California.

ConocoPhillips (COP) continued its downward trend with the stock declining -2.07% or $-1.02 to close the day at $48.34 on active trading volume of 9.68M shares, compared to its three month average trading volume of 6.85M. The Houston Texas 77079 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 46.75%, compared to the industry which has advanced 46% over the same period. With RSI of 41.31, the stock should still continue to rise and get closer to its one year target estimate of $57.77, making it a hold for now.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio includes resource-rich North American tight oil and oil sands assets; lower-risk legacy assets in North America, Europe, Asia, and Australia; various international developments; and an inventory of conventional and unconventional exploration prospects. The company was founded in 1917 and is headquartered in Houston, Texas.

Chevron Corporation (CVX) dropped $-1.89 to close the day at a new closing price of $110.68, a -1.68% decrease in value from its previous closing price that moved the stock 39.03% above its 52 week low of $82.9. A total of 9.47M shares exchanged hands during the day compared with its three month average trading volume of 6.41M. The stock, which fluctuated between $110.43 and $112.99 during the day, currently situated -6.1% below its 52 week high. The stock is down by -3.62% in the past one month and up by 3.58% over the past three months. With a one year target estimate of $126.25 and RSI of 38.61, the stock still has upside potential, making it a hold for now.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing commodity petrochemicals, and fuel and lubricant additives, as well as plastics for industrial uses. It is also involved in the cash management and debt financing activities; corporate administrative operations; insurance operations; real estate activities; and technology businesses. Further, the company holds interests in power plants, as well as operates geothermal plants; and engages in the transportation of refined products primarily in the coastal waters of the United States. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.

 

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