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Barchart
Barchart
Josh Enomoto

Why is Suncor Energy (SU) Moving Higher? Just Ask the Giants.

With society gradually returning toward the “old” normal combined with energy supply concerns, the hydrocarbon sector has been on a solid run. However, it seems that options traders really love Suncor Energy (SU), as Barchart contributor Will Ashworth pointed out earlier this month. And this love continues to burn hot, with SU stock gaining a bit over 5% in the trailing week.

So, what’s going on? There are several factors at play.

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