ConocoPhillips Plunges 10.2% in a Day: How Should You Play the Stock?

Shares of ConocoPhillips (COP) slipped 10.23% in the last trading session to close at $95.25 per share. The stock price is not far away from the 52-week low of$86.81 per share, and yesterday’s selling pressure was reflected in the spike in share volumes traded. The volume of shares traded in the last market session was 13,869,000, significantly higher than the past several trading days. Image Source: Yahoo FinanceDoes it mean that investors should join the crowd to sell the stock? Before reaching an invest ...