Green Plains (GPRE) : Traders are bullish on Green Plains (GPRE) as it has outperformed the S&P 500 by a wide margin of 6.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.5%, 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 4.67% in the last 1 week, and is up 5.9% 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 4.68% and the 50-Day Moving Average is 10.2%.The 200 Day SMA reached 36.69%
Green Plains (NASDAQ:GPRE): The stock opened in the green at $26.46 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $26.53 and a low of $26.03 for the day. The stock did not find buyers even at the lows and closed at $26.2 recording a loss of -0.68%. 598,774 shares exchanged hands during the trading day. The stock had closed at $26.2 in the previous days trading.
Green Plains (GPRE) : 4 investment research analysts covering Green Plains (GPRE) have an average price target of $24.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $20 for the short term. Analysts expect the variance to be within $3.32 of the average price.
Green Plains Inc. is a producer, marketer and distributor of ethanol. The Company operates in four segments: Ethanol Production segment, which is engaged in the production of ethanol and related distillers grain; Corn Oil Production segment, which is engaged in corn oil extraction systems; Agribusiness segment, which is engaged in grain handling and storage and cattle feedlot operations, and Marketing and Distribution segment, which is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer. It owns an ethanol production facility, which includes approximately 100 million gallons per year of production capacity, a corn oil extraction system and other related assets. It processes approximately 12 million tons of corn annually, producing over 1.2 billion gallons of ethanol, approximately 3.4 million tons of livestock feed and approximately 275 million pounds of industrial grade corn oil at full capacity.