Pacific Ethanol (PEIX) Shares are Up 5.34%

Pacific Ethanol (PEIX) : Traders are bullish on Pacific Ethanol (PEIX) as it has outperformed the S&P 500 by a wide margin of 5.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.16%, 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 5.34% in the last 1 week, and is up 5.02% 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 5.92% and the 50-Day Moving Average is 5.14%.The 200 Day SMA reached 35.88%


Pacific Ethanol (NASDAQ:PEIX): After opening at $6.71, the stock dipped to an intraday low of $6.6 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.98 and the buying power remained strong till the end. The stock closed at $6.91 for the day, a gain of 3.29% for the day session. The total traded volume was 583,800. The stocks close on the previous trading day was $6.91.

Pacific Ethanol (PEIX) : The highest level Pacific Ethanol (PEIX) is projected to reach is $11 for the short term and the lowest estimate is at $9. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $10 and the possibility the share price can swing is $1.15.

Pacific Ethanol, Inc. is a producer and marketer of low-carbon renewable fuels in the Western United States. The Company also sells ethanol co-products, including wet distillers grain (WDG), a nutritious animal feed, and corn oil. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, the Company provides transportation, storage and delivery of ethanol through third-party service providers. The Company holds a 96% ownership interest in PE Op Co., the owner of four ethanol production facilities. The Company sells ethanol produced by the four production facilities and unrelated third parties to gasoline refining and distribution companies, sells its WDG to dairy operators and animal feed distributors, and sells its corn oil to poultry and biodiesel customers. The Company markets all the ethanol it sells through its subsidiary, Kinergy Marketing, LLC.

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