Phillips 66 vs. Cramer's Stocks
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Business & Economics
Phillips 66 (PSX) Suffered From An Overreaction After Elliot Victory, Says Jim Cramer

68% Informative
Phillips 66 ( NYSE : PSX ) is a diversified American oil and gas company.
The firm operates in the chemicals, oil refining, storage, and transportation industries.
It made its way to Cramer ’s morning appearance as activist investor Elliott won two board seats.
Cramer attributed the fall to an overreaction: “I think there are people who felt that there could be an immediate transaction or something which was never the case”.
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50
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