Pacific Ethanol (PEIX) : Traders are bullish on Pacific Ethanol (PEIX) as it has outperformed the S&P 500 by a wide margin of 9.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, 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 0.61% in the last 1 week, and is up 11.07% 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 3.89% and the 50-Day Moving Average is 11.11%. Pacific Ethanol (NASDAQ:PEIX): On Fridays trading session , Opening price of the stock was $6.7 with an intraday high of $6.71. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.47. However, the stock managed to close at $6.62, a loss of 0.45% for the day. On the previous day, the stock had closed at $6.65. The total traded volume of the day was 625,140 shares.
The company Insiders own 3.1% of Pacific Ethanol shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.68% . Institutional Investors own 79.41% of Pacific Ethanol shares. During last six month period, the net percent change held by insiders has seen a change of -34.68%. Also, Rodman & Reshaw initiates coverage on Pacific Ethanol (NASDAQ:PEIX). In the latest research report, Rodman & Reshaw announces the target price to $11 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on May 24, 2016.
Pacific Ethanol, Inc. is a producer and marketer of low-carbon renewable fuels in the Western United States. The Company also sells ethanol co-products, including wet distillers grain (WDG), a nutritious animal feed, and corn oil. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, the Company provides transportation, storage and delivery of ethanol through third-party service providers. The Company holds a 96% ownership interest in PE Op Co., the owner of four ethanol production facilities. The Company sells ethanol produced by the four production facilities and unrelated third parties to gasoline refining and distribution companies, sells its WDG to dairy operators and animal feed distributors, and sells its corn oil to poultry and biodiesel customers. The Company markets all the ethanol it sells through its subsidiary, Kinergy Marketing, LLC.