Pacific Ethanol (PEIX) : Traders are bullish on Pacific Ethanol (PEIX) as it has outperformed the S&P 500 by a wide margin of 10.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 16.23%, 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 16.16% in the last 1 week, and is up 14.6% 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 14.62% and the 50-Day Moving Average is 19.59%. Pacific Ethanol, Inc. is up 44.4% in the last 3-month period. Year-to-Date the stock performance stands at 42.89%.
Pacific Ethanol (NASDAQ:PEIX): stock turned positive on Friday. Though the stock opened at $6.76, the bulls momentum made the stock top out at $6.95 level for the day. The stock recorded a low of $6.51 and closed the trading day at $6.83, in the green by 0.74%. The total traded volume for the day was 965,865. The stock had closed at $6.78 in the previous days trading.
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.