Large Outflow of Money Witnessed in Plains All American Pipeline L.P.

Plains All American Pipeline L.P. (PAA) : The total money flow in Plains All American Pipeline L.P. (PAA) was negative ($1.52 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $3.11 million. Transactions on upticks were comparatively lower at $1.59 million. The uptick to downtick ratio was 0.51. The total block trades on downticks were valued at $1.46 million. The money flow during block trades was negative ($1.46 million) when the stock traded with a gain of $2 cent. Plains All American Pipeline L.P. (PAA) was $29.29, an increase of 0.07% over the previous days close.


Plains All American Pipeline L.P. (PAA) stock is expected to deviate a maximum of $3.94 from the average target price of $28.87 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $39 and the most muted being $22.

Plains All American Pipeline L.P. (NYSE:PAA): On Fridays trading session , Opening price of the stock was $29.15 with an intraday high of $29.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.94. However, the stock managed to close at $29.01, a loss of 0.89% for the day. On the previous day, the stock had closed at $29.27. The total traded volume of the day was 1,676,335 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Plains All American Pipeline Lp, Armstrong Greg L had purchased shares worth of $2,538,540 in a transaction dated on February 10, 2016. A total of 158,066 shares were purchased at a price of $16.06 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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