DCP Midstream $DCP stock is trading in a consolidation pattern as of December 1, 2022, with a buy signal on the MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period .... Dark pool trading was detected in the stock. $DCP stock is in a technical strong uptrend.
Dark Pool Trade In DCP Midstream Stock
A $4.3 million dark pool trade occurred in $DCP stock on November 29, 2022. We think the dark pool trade was a buy order because $DCP stock exploded higher following the trade hitting the tape.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
DCP Midstream has EPS up 721.8% YoY and revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... up 53% YoY.
Wells Fargo downgrades DCP Midstream on Phillips 66 offer
Following Phillips 66’s offer to buy the company’s remaining publicly traded shares, Wells Fargo analyst Michael Blum downgraded DCP Midstream to Equal Weight from Overweight on November 11, 2022, with a price target of $39, down from $45. According to the analyst, DCP stock’s future gains are largely limited from this point. Given historical precedent, he expects Phillips to submit a revised offer that could be 12 to 14 percent higher than the initial $34.75 per unit offer, translating to a stock price of $38.92 to $39.62 per unit.
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