Phillips 66 director buys 7,760 shares

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Phillips 66 director buys 7,760 shares

Bobby Raines 11/07/2013

William Loomis, a director at Phillips 66 ( PSX ) , bought 7,760 shares of the company's common stock on Nov. 5. At $64.42 per share, Loomis paid a total of $499,905 to establish a new directly held position in the stock.

IK-> The technicals for PSX ($64.41 up $0.05) are bullish with a neutral trend. Recent support has been around $63.34 and recent resistance has been around $65.52. Standard & Poor's has a four STARs (out of five) rating on the stock. Look at the Jan. 50/55 bull-put spread for a 20-cent credit. That's a 4.17% return and the stock has to fall 14.6% to cause a problem.  [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: PSX

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