Genesis Energy L.P. [GEL] Investment Guide: What You Need to Know

Genesis Energy L.P.’s filing revealed that its President & Chief Comm Officer SIMS RYAN S acquired Company’s shares for reported $17325.0 on Feb 29 ’24. In the deal valued at $11.55 per share,1,500 shares were bought. As a result of this transaction, SIMS RYAN S now holds 21,500 shares worth roughly $0.25 million.

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Then, Gaspard Garland G bought 5,264 shares, generating $60,062 in total proceeds. Upon buying the shares at $11.41, the Vice President now owns 17,264 shares.

Before that, Rasmussen Jeffrey J bought 5,000 shares. Genesis Energy L.P. shares valued at $46,838 were divested by the VP & GM – Refinery Services at a price of $9.37 per share. As a result of the transaction, Rasmussen Jeffrey J now holds 23,500 shares, worth roughly $0.27 million.

CapitalOne also remained covering GEL and has decreased its forecast on November 23, 2021 with a “an Equal weight” recommendation from previously “an Overweight” rating. Barclays revised its rating on October 14, 2021. It rated GEL as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of GEL

On Tuesday, Genesis Energy L.P. [NYSE:GEL] saw its stock jump 1.85% to $11.56. Over the last five days, the stock has gained 7.84%. Genesis Energy L.P. shares have fallen nearly -0.17% since the year began. Nevertheless, the stocks have risen 3.86% over the past one year. While a 52-week high of $12.78 was reached on 01/09/24, a 52-week low of $8.05 was recorded on 02/15/24. SMA at 50 days reached $11.29, while 200 days put it at $10.84. A total of 0.37 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For GEL Stock

The 24-hour chart illustrates a support level at 11.32, which if violated will result in even more drops to 11.07. On the upside, there is a resistance level at 11.74. A further resistance level may holdings at 11.91. The Relative Strength Index (RSI) on the 14-day chart is 57.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.19%. Stochastics %K at 91.22% indicates the stock is a selling.

How much short interest is there in Genesis Energy L.P.?

A steep rise in short interest was recorded in Genesis Energy L.P. stocks on Mar 15, 2024, dropping by 60000.0 shares to a total of 1.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.86 million shares. There was a decline of -3.33%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.68.

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