Large Inflow of Money Detected in Plains Group Holdings L.P.

Plains Group Holdings L.P. (PAGP): $1.54 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.32. The value of trades done on upticks was $6.33 million, whereas, trades done on downticks were valued at $4.79 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $3.41 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.43 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 2.39 was strongly in favor of the bulls. The money flow in block trades was $1.99 million. Plains Group Holdings L.P. (PAGP) fell $0.17 traded at $11.63, a change of -1.4% over the previous day. The stock is 1.88% for the week.


Also, Equity Analysts at the Baird upgrades the rating on Plains Group Holdings L.P. (NYSE:PAGP). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Underperform. The rating by the firm was issued on July 13, 2016.

Plains Group Holdings L.P. (NYSE:PAGP): The stock opened at $11.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.80 for the day. The stock traded down to $11.45 during the day, due to lack of any buying support eventually closed down at $11.49 with a loss of -2.54% for the day. The stock had closed at $11.79 on the previous day. The total traded volume was 4,428,440 shares.

The stock has recorded a 20-day Moving Average of 8.51% and the 50-Day Moving Average is 12.2%. In a related news, Armstrong Greg L, CEO of Plains Gp Holdings Lp, had purchased 1,000,000 shares on February 10, 2016. The total value of the transaction was $5,860,000. 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.

Plains GP Holdings, L.P. (PAGP), owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAAs 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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