Shares of Plains All American Pipeline L.P. (NYSE:PAA) Sees Large Inflow of Net Money Flow

Plains All American Pipeline L.P. (NYSE:PAA) witnessed a selling pressure and the shares last traded with a loss of -0.21 points or -0.78% at $26.84. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $0.52 million with an inflow of $1.03 million in upticks and an outflow of $0.51 million in downticks. Using the data, the up/down ratio is found to be 2.03. The share price has recorded 8.1% on a weekly basis.A block trade of $0.52 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $0.52, signaling heavy buying.


Currently the company Insiders own 1.3% of Plains All American Pipeline L.P. shares according to the proxy statements. Institutional Investors own 64.37% of Plains All American Pipeline L.P. shares. During last six month period, the net percent change held by insiders has seen a change of 16.72%. On the companys insider trading activities, Armstrong Greg L, CEO of Plains All American Pipeline Lp, executed a transaction worth $2,538,540 on February 10, 2016. A total of 158,066 shares were purchased at an average price of $16.06. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Plains All American Pipeline L.P. (NYSE:PAA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.37 points or 1.37% at $26.68 with 3,219,681 shares getting traded. Post opening the session at $26.64, the shares hit an intraday low of $26.47 and an intraday high of $27.2032 and the price was in this range throughout the day. The company has a market cap of $10,611 million and the number of outstanding shares have been calculated to be 397,730,990 shares. The 52-week high of Plains All American Pipeline L.P. (NYSE:PAA) is $45.88 and the 52-week low is $14.82.

Many analysts have stated their opinion on the company shares. Major Brokerage house, JP Morgan maintains its ratings on Plains All American Pipeline L.P. (NYSE:PAA). In the latest research report, JP Morgan lowers the target price from $27 per share to $26 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 27, 2016.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Companys operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.

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