Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Genesis Energy L.P. shares valued at $17,325 were purchased by SIMS RYAN S on Feb 29 ’24. At $11.55 per share, SIMS RYAN S acquired 1,500 shares. The insider’s holdings grew to 21,500 shares worth approximately $0.25 million following the completion of this transaction.
Also, Gaspard Garland G purchased 5,264 shares, netting a total of over 60,062 in proceeds. Following the buying of shares at $11.41 each, the insider now holds 17,264 shares.
Before that, Rasmussen Jeffrey J had added 5,000 shares to its account. In a trade valued at $46,838, the VP & GM – Refinery Services bought Genesis Energy L.P. shares for $9.37 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.28 million.
As of November 23, 2021, CapitalOne has decreased its “an Overweight” rating to a “an Equal weight” for GEL. Earlier on October 14, 2021, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for GEL stock which previously was a “an Overweight”.
Analyzing GEL Stock Performance
During the last five days, there has been a drop of approximately -5.92%. Over the course of the year, Genesis Energy L.P. shares have jumped approximately 1.64%. Shares of the company reached a 52-week high of $12.60 on 04/24/24 and a 52-week low of $10.01 on 02/15/24. A 50-day SMA is recorded $11.51, while a 200-day SMA reached $11.08. Nevertheless, trading volume fell to 0.33 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Genesis Energy L.P. (GEL)
According to the 24-hour chart, there is a support level at 11.62, which, if violated, would cause prices to drop to 11.48. In the upper region, resistance lies at 11.95. The next price resistance is at 12.13. RSI (Relative Strength Index) is 49.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 78.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
