Plains All American Pipeline L.P. (PAA) : Traders are bullish on Plains All American Pipeline L.P. (PAA) as it has outperformed the S&P 500 by a wide margin of 3.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.59%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.15% in the last 1 week, and is up 8.41% 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 5.91% and the 50-Day Moving Average is 13.12%.
Plains All American Pipeline L.P. (NYSE:PAA): The stock opened at $29.24 on Friday but the bulls could not build on the opening and the stock topped out at $29.33 for the day. The stock traded down to $28.83 during the day, due to lack of any buying support eventually closed down at $29.00 with a loss of -0.55% for the day. The stock had closed at $29.16 on the previous day. The total traded volume was 1,398,380 shares.
The company Insiders own 1.3% of Plains All American Pipeline L.P. shares according to the proxy statements. Institutional Investors own 64.48% 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%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Plains All American Pipeline Lp, Armstrong Greg L, had purchased 158,066 shares in a transaction dated on February 10, 2016. The transaction was executed at $16.06 per share with total amount equaling $2,538,540.
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.