Green Plains Inc. [GPRE] Records 50-Day SMA of $31.71


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Green Plains Inc. shares valued at $64,540 were sold by van der Meulen Leslie on May 24. At $32.27 per share, van der Meulen Leslie sold 2,000 shares. The insider’s holdings dropped to 31,546 shares worth approximately $0.98 million following the completion of this transaction.

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Also, Treuer Alain sold 20,000 shares, netting a total of over 649,000 in proceeds. Following the sale of shares at $32.45 each, the insider now holds 252,999 shares.

Before that, MAPES MICHELLE had sold 3,000 shares from its account. In a trade valued at $98,340, the Chief Legal and Admin Officer traded Green Plains Inc. shares for $32.78 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $0.94 million.

Analyzing GPRE Stock Performance

On Thursday, Green Plains Inc. [NASDAQ: GPRE] plunged -2.99% to $31.17. The stock’s lowest price that day was $30.90, but it reached a high of $31.855 in the same session. During the last five days, there has been a surge of approximately 1.93%. Over the course of the year, Green Plains Inc. shares have jumped approximately 2.20%. Shares of the company reached a 52-week high of $37.49 on 02/08/23 and a 52-week low of $27.73 on 03/24/23. A 50-day SMA is recorded $31.71, while a 200-day SMA reached $32.37. Nevertheless, trading volume fell to 0.92 million shares from 0.55 million shares the previous day.

Support And Resistance Levels for Green Plains Inc. (GPRE)

According to the 24-hour chart, there is a support level at 30.76, which, if violated, would cause prices to drop to 30.35. In the upper region, resistance lies at 31.72. The next price resistance is at 32.26. RSI (Relative Strength Index) is 47.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 44.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Green Plains Inc. subject to short interest?

Stocks of Green Plains Inc. saw a sharp steep in short interest on Apr 27, 2023 dropping by -0.62 million shares to 6.9 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 7.52 million shares. A decline of -8.99% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.66 of the overall float, the days-to-cover ratio (short ratio) decline to 9.66.

Which companies own the most shares of Green Plains Inc. (GPRE)?

According to BlackRock Fund Advisors filings, the company currently owns 7,783,972 shares, which is about 13.13% of the total GPRE shares outstanding. The investor’s shares have appreciated by 169,224 from its previous 13-F filing of 7614748.0 shares. With the completion of the buy transaction, Franklin Mutual Advisers LLC’s stake is now worth $153,907,147. A total of 248,400 shares of Green Plains Inc. were bought by Grantham, Mayo, Van Otterloo & Co during the quarter, and -900,146 were sold by SSgA Funds Management, Inc. In its current portfolio, Wolf Hill Capital Management LP holds 2,834,587 shares valued at $96.86 million.

In terms of Green Plains Inc. share price expectations, FactSet research, analysts set an average price target of $42.80 in the next 12 months, up nearly 32.28% from the previous closing price of $32.13. Analysts anticipate Green Plains Inc. stock to reach $55.00 by 2023, with the lowest price target being $31.00. In spite of this, 10 analysts ranked Green Plains Inc. stock as a Buy at the end of 2023.


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