Plains All American Pipeline L.P. (PAA) Shares Slide -3.96%

Plains All American Pipeline L.P. (PAA) has risen sharply, recording gains of 1.79% in the past 4 weeks. However, the stock has corrected -3.96% in the past 1 week, providing a good buying opportunity on dips. Plains All American Pipeline L.P. (PAA) : During the past 4 weeks, traders have been relatively bearish on Plains All American Pipeline L.P. (PAA), hence the stock is down -1.52% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.9% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 0.85% and the 50-Day Moving Average is 6.8%. Plains All American Pipeline, L.P. is up 24.52% in the last 3-month period. Year-to-Date the stock performance stands at 31.78%.

Plains

Plains All American Pipeline L.P. (NYSE:PAA): stock turned positive on Friday. Though the stock opened at $27.22, the bulls momentum made the stock top out at $27.89 level for the day. The stock recorded a low of $27 and closed the trading day at $27.86, in the green by 1.98%. The total traded volume for the day was 1,386,512. The stock had closed at $27.32 in the previous days trading.

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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