CVR Energy (CVI.US) is an American holding company with a market capitalization of $3.72 billion as of August 8, 2023. It operates through its subsidiaries in the petroleum refining and nitrogen fertilizer industries. The company's refining segment processes crude oil into various petroleum products, while its fertilizer segment produces ammonia and urea ammonium nitrate solutions.
It was founded in 1906 as Coffeyville Resources Refining & Marketing (CRRM) and later renamed CVR Energy in 2007. It went public in 2007 and has since grown into a significant player in the energy and fertilizer sectors.
With a focus on operational efficiency and environmental responsibility, CVR Energy remains committed to meeting the demand for essential energy and fertilizer products.
Over the past 5 years, CVR Energy (CVI.US) has had some ups and downs in its stock prices. The highest stock price reached was $44.55 in July 2019 while the lowest stock price reached was $7.87 in October 2020.
Traders interested in the stock may consider using trading strategies like day trading among others. Day trading involves buying and selling shares of the same stock within the same trading day, to capitalise on small price movements. However, traders need to be cautious and make informed decisions before choosing to use this trading strategy.
Traders may also use different indicators and tools such as the moving average (MA), which smooths out the price charts and gives a clearer view of the stock’s trend. For example, a trader may use a 20-day MA to identify the stock's short-term trend and a 200-day MA to identify the stock's long-term trend.
When it comes to trading CVR Energy stock, it's essential to research beyond just the stock itself. Competitors play a significant role in the performance of any stock, and it's crucial to assess them before trading. Its competitors include:
- ExxonMobil (XOM.US), founded in 1999 through the merger of Exxon and Mobil, has a long history dating back to the late 1800s. It is one of the world's largest publicly traded energy companies, known for its global presence and diverse energy portfolio.
- Chevron (CVX.US), founded in 1879 as the Pacific Coast Oil Company, is another leading energy company with a strong presence in various regions. It is involved in multiple aspects of the energy industry, including upstream, downstream, and chemicals.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.