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An Analysis of Genesis Energy L.P. (GEL)’s Potential Price Growth

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In a filing, Genesis Energy L.P. revealed its Vice President Gaspard Garland G acquired Company’s shares for reported $29992.0 on Aug 06 ’24. In the deal valued at $13.27 per share,2,261 shares were bought. As a result of this transaction, Gaspard Garland G now holds 19,525 shares worth roughly $0.27 million.

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Then, SIMS RYAN S bought 1,500 shares, generating $17,325 in total proceeds. Upon buying the shares at $11.55, the President & Chief Comm Officer now owns 21,500 shares.

Before that, Gaspard Garland G bought 5,264 shares. Genesis Energy L.P. shares valued at $60,062 were divested by the Vice President at a price of $11.41 per share. As a result of the transaction, Gaspard Garland G now holds 17,264 shares, worth roughly $0.24 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 Friday, Genesis Energy L.P. [NYSE:GEL] saw its stock jump 0.07% to $13.86. Over the last five days, the stock has gained 3.28%. Genesis Energy L.P. shares have risen nearly 19.69% since the year began. Nevertheless, the stocks have risen 41.57% over the past one year. While a 52-week high of $15.17 was reached on 07/18/24, a 52-week low of $9.71 was recorded on 02/15/24. SMA at 50 days reached $13.86, while 200 days put it at $12.43.

Levels Of Support And Resistance For GEL Stock

The 24-hour chart illustrates a support level at 13.72, which if violated will result in even more drops to 13.58. On the upside, there is a resistance level at 13.95. A further resistance level may holdings at 14.04. The Relative Strength Index (RSI) on the 14-day chart is 54.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.85%. Stochastics %K at 71.92% indicates the stock is a holding.

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 2024-08-15, growing by 0.47 million shares to a total of 3.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.75 million shares. There was a rise of 14.67%, which implies that there is a positive sentiment for the stock.

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