Alon USA Energy (NYSE:ALJ) has tumbled 14.11% during the past week and has dropped 20.92% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 13.08%. Alon USA Energy (NYSE:ALJ) has underperformed the index by 21.64% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Alon USA Energy (NYSE:ALJ): The stock opened at $6.56 on Friday but the bulls could not build on the opening and the stock topped out at $6.85 for the day. The stock traded down to $6.32 during the day, due to lack of any buying support eventually closed down at $6.39 with a loss of -2.89% for the day. The stock had closed at $6.58 on the previous day. The total traded volume was 2,885,312 shares.
The company shares have dropped -65.37% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $23.29 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $8.10 and the 200 Day Moving Average price is recorded at $11.09.
On the companys insider trading activities, Wheeler Franklin R., director of Alon Usa Energy, Inc., had purchased 2,000 shares on May 19, 2016. The total value of the transaction was $15,820. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. JP Morgan maintains its view on Alon USA Energy (NYSE:ALJ) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. JP Morgan lowers the price target from $8 per share to $7 per share on Alon USA Energy . The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 8.8% of Alon USA Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.37% . Institutional Investors own 61.81% of Alon USA Energy shares. During last six month period, the net percent change held by insiders has seen a change of 1.41%.
Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Companys crude oil refineries are located in Texas, Louisiana and California and have a combined crude oil throughput capacity of approximately 217,000 barrels per day (bpd). The Company has three operating segments: refining and marketing, asphalt and retail. Its refineries produce petroleum products including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum-based products. The Companys refining and marketing segment includes sour crude oil refinery located in Big Spring, Texas, a light sweet crude oil refinery located in Krotz Springs, Louisiana and heavy crude oil refineries located in Paramount, Bakersfield and Long Beach, California. The Company owns or operates approximately 10 asphalt terminals.