Renewable Energy Group (REGI) has risen sharply, recording gains of 3.82% in the past 4 weeks. However, the stock has corrected -4.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.76% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.2% and the 50-Day Moving Average is 3.04%. Renewable Energy Group (NASDAQ:REGI): On Fridays trading session , Opening price of the stock was $9.43 with an intraday high of $9.49. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.15. However, the stock managed to close at $9.25, a loss of 1.70% for the day. On the previous day, the stock had closed at $9.41. The total traded volume of the day was 547,288 shares.
The company Insiders own 2.13% of Renewable Energy Group shares according to the proxy statements. Institutional Investors own 79.54% of Renewable Energy Group shares. During last six month period, the net percent change held by insiders has seen a change of -1.66%.
Renewable Energy Group, Inc. is engaged in producing advanced biofuels and renewable chemicals. The Company is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products. The Company operates a network of around nine operational biodiesel plants and one fermentation facility. The Companys segments include Biomass-based diesel and Services. The Biomass-based diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils, and other feedstocks and methanol into biomass-based diesel. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of third party plants.