Dakota Plains Holdings (NYSEMKT:DAKP) has tumbled 3.7% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 30% in the last four weeks. The stocks have underperformed the S&P 500 by 2.55% during the past week but Dakota Plains Holdings (NYSEMKT:DAKP) it has outperformed the index in 4 weeks by 28.81%.
Dakota Plains Holdings (NYSEMKT:DAKP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.13 and $0.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.13, notching a gain of 4.42% for the day. The total traded volume was 2,771,861 . The stock had closed at $0.12 on the previous day.
The company shares have dropped -89.68% from its 1 Year high price. On Sep 18, 2015, the shares registered one year high at $1.65 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $0.12 and the 200 Day Moving Average price is recorded at $0.16.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Dakota Plains Holdings, Inc., Alvord Gary L had purchased shares worth of $19,000 in a transaction dated on December 22, 2014. A total of 10,000 shares were purchased at a price of $1.9 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Currently the company Insiders own 5.7% of Dakota Plains Holdings shares according to the proxy statements. Institutional Investors own 23.14% of Dakota Plains Holdings shares.
Dakota Plains Holdings, Inc. is an integrated midstream energy company. The Company is engaged in operating the Pioneer Terminal, with services that include outbound crude oil storage, logistics and rail transportation and inbound fracturing (frac) sand logistics. The Pioneer Terminal is located in Mountrail County, North Dakota. The Companys frac sand business provides services for UNIMIN Corporation (UNIMIN), which is a producer of quartz proppant and the supplier of frac sand to exploration and production operating companies in the Williston Basin. The Company operates in three segments: Transloading Business Segment, Crude Oil Marketing Business Segment and Trucking Business Segment.