Plains Group Holdings L.P. (PAGP) has risen sharply, recording gains of 4.43% in the past 4 weeks. However, the stock has corrected -2.25% 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 4.57% 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 0.84% and the 50-Day Moving Average is 4.24%.The 200 Day SMA reached 24.64%. Plains GP Holdings, L.P. is up 7.81% in the last 3-month period. Year-to-Date the stock performance stands at 28.72%.
Plains Group Holdings L.P. (NYSE:PAGP): The stock opened in the green at $11.47 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $11.56 and a low of $11.25 for the day. The stock did not find buyers even at the lows and closed at $11.31 recording a loss of -0.09%. 1,233,349 shares exchanged hands during the trading day. The stock had closed at $11.32 in the previous days trading.
Plains GP Holdings, L.P. (PAGP), owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAAs 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.