Yesterday the stock dropped a $1 in the last two minutes of trading. The EPS report was very good with increased production and a one time gain of $1.4B. The market goes up 100 and CVX goes back to $116.20 where is was yesterday at 3:59PM. Then tanked again back to $115.15. Why is the market so negative on CVX? Why all the selling that started yesterday late?
Well there is a big seller of CVX at $116.... I do not why. Hopefully we can get him/her out and head back to $117-$118. I am surprised by the lack of demand for CVX. You think the stock would be trading above $117 today with the report and the market up 138. What a shame.