Alon USA Energy (ALJ) has been under a strong bear grip, hence the stock is down -2.09% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.94% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.48% in the last 1 week, and is up 2.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 11.03%.
Alon USA Energy (NYSE:ALJ): The stock opened at $6.70 on Friday but the bulls could not build on the opening and the stock topped out at $6.72 for the day. The stock traded down to $6.42 during the day, due to lack of any buying support eventually closed down at $6.53 with a loss of -1.95% for the day. The stock had closed at $6.66 on the previous day. The total traded volume was 1,395,851 shares.
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 61.92% of Alon USA Energy shares. During last six month period, the net percent change held by insiders has seen a change of 1.41%. In a related news, Wheeler Franklin R., director of Alon Usa Energy, Inc., executed a transaction worth $15,820 on May 19, 2016. A total of 2,000 shares were purchased at an average price of $7.91. 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.
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.