Updated
Updated · MarketWatch · May 6
BP shares fall 3.72% and underperform market
Updated
Updated · MarketWatch · May 6

BP shares fall 3.72% and underperform market

8 articles · Updated · MarketWatch · May 6
  • The stock closed at £5.51 on Wednesday as the FTSE 100 rose 2.15% to 10,438.66 in a broadly stronger UK market session.
  • BP ended 9.53% below its 52-week high of £6.09, reached on 31 March, indicating the decline came despite recent stronger levels.
  • Trading volume was 37.7 million shares, below the 50-day average of 60.2 million, suggesting lighter-than-usual activity during the drop.
Analysts call BP a 'Strong Buy,' so why is the market punishing the stock after its best quarter in years?
Can BP's new CEO justify dismantling its green ambitions to chase oil profits while its stock continues to fall?