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 $11,250 were purchased by SIMS RYAN S on Nov 08 ’24. At $11.25 per share, SIMS RYAN S acquired 1,000 shares. The insider’s holdings grew to 22,500 shares worth approximately $0.25 million following the completion of this transaction.
Also, Gaspard Garland G purchased 2,261 shares, netting a total of over 29,992 in proceeds. Following the buying of shares at $13.27 each, the insider now holds 19,525 shares.
Before that, SIMS RYAN S had added 1,500 shares to its account. In a trade valued at $17,325, the President & Chief Comm Officer bought Genesis Energy L.P shares for $11.55 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $0.24 million.
As published in a research note from CapitalOne on November 01, 2024, Genesis Energy L.P [GEL] has been rated up from an Equal weight to an Overweight. Earlier on November 23, 2021, CapitalOne 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 surge of approximately 4.96%. Over the course of the year, Genesis Energy L.P shares have jumped approximately 8.90%. Shares of the company reached a 52-week high of $11.09 on 01/30/25 and a 52-week low of $10.15 on 01/10/25. A 50-day SMA is recorded $10.81, while a 200-day SMA reached $12.54. Nevertheless, trading volume fell to 3.62 million shares from 0.44 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 10.52, which, if violated, would cause prices to drop to 10.02. In the upper region, resistance lies at 11.30. The next price resistance is at 11.58. RSI (Relative Strength Index) is 59.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 8.56%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
