CorEnergy Infrastructure Trust (CORR) : Traders are bullish on CorEnergy Infrastructure Trust (CORR) as it has outperformed the S&P 500 by a wide margin of 3.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.67%, 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 5.2% in the last 1 week, and is up 3.46% 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 3.94% and the 50-Day Moving Average is 4.77%.The 200 Day SMA reached 42.86%. CorEnergy Infrastructure Trust, Inc. is up 14.26% in the last 3-month period. Year-to-Date the stock performance stands at 107.35%.
CorEnergy Infrastructure Trust (NYSE:CORR): After opening at $30.1, the stock dipped to an intraday low of $30 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.8 and the buying power remained strong till the end. The stock closed at $30.77 for the day, a gain of 2.64% for the day session. The total traded volume was 164,164. The stocks close on the previous trading day was $29.98.
CorEnergy Infrastructure Trust, Inc. is an energy infrastructure real estate investment trust. The Company is focused on acquiring and financing midstream and downstream real estate assets in the United States energy infrastructure sector. It provides other types of capital, including loans secured by energy infrastructure assets. Its focus of assets includes pipelines, storage tanks, transmission lines and gathering systems, among others. Its assets include Pinedale Liquids Gathering System (Pinedale LGS), Portland Terminal Facility, MoGas Pipeline System, Eastern Interconnect Project and Omega Pipeline. Its subsidiaries holding its securities portfolios and operating businesses, are Corridor Public Holdings, Inc. and its wholly owned subsidiary Corridor Private Holdings, Inc (CorPrivate); Mowood Corridor, Inc. and its wholly owned subsidiary, Mowood, LLC (Mowood); Corridor MoGas, Inc. (CorMoGas); CorEnergy BBWS, Inc. (BBWS), and Corridor Leeds Path West, Inc. (Leeds Path West).