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. Genesis Energy L.P. shares valued at $29,992 were purchased by Gaspard Garland G on Aug 06 ’24. At $13.27 per share, Gaspard Garland G acquired 2,261 shares. The insider’s holdings grew to 19,525 shares worth approximately $0.26 million following the completion of this transaction.
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Also, SIMS RYAN S purchased 1,500 shares, netting a total of over 17,325 in proceeds. Following the buying of shares at $11.55 each, the insider now holds 21,500 shares.
Before that, Gaspard Garland G had added 5,264 shares to its account. In a trade valued at $60,062, the Vice President bought Genesis Energy L.P. shares for $11.41 each. Upon closing the transaction, the insider’s holdings increased to 5,264 shares, worth approximately $0.23 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 -3.22%. Over the course of the year, Genesis Energy L.P. shares have jumped approximately 14.25%. Shares of the company reached a 52-week high of $15.17 on 07/18/24 and a 52-week low of $10.01 on 02/15/24. A 50-day SMA is recorded $13.31, while a 200-day SMA reached $12.65. Nevertheless, trading volume fell to 0.51 million shares from 0.2 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 13.05, which, if violated, would cause prices to drop to 12.87. In the upper region, resistance lies at 13.49. The next price resistance is at 13.75. RSI (Relative Strength Index) is 46.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 73.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
