Why ConocoPhillips Stock Dropped on Tuesday
ConocoPhillips (NYSE: COP) stock slipped 2.2% through 11:15 a.m. ET Tuesday on a double dose of "bad" news. First and most obviously, oil prices are down today, and for a company that makes its money selling oil, that's self-evidently bad news.
Second, and less obviously, Roth/MKM just downgraded ConocoPhillips stock.
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Source Fool.com
ConocoPhillips Stock
€100.74
-4.360%
The stock is one of the favorites of our community with 87 Buy predictions and 1 Sell predictions.
With a current price of 100.74 € ConocoPhillips is right around the predicted target price of 101 €.
