KD Logo

Wolfe Research upgrades Plains GP Holdings LP (PAGP) stock to an Outperform

As this happened, Wolfe Research upgraded its Plains GP Holdings LP [PAGP] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. Morgan Stanley also remained covering PAGP and has decreased its forecast on October 25, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating.

Price Performance Review of PAGP

On Friday, Plains GP Holdings LP [NASDAQ:PAGP] saw its stock fall -4.43% to $21.15. Over the last five days, the stock has lost -2.80%. Plains GP Holdings LP shares have risen nearly 15.07% since the year began. Nevertheless, the stocks have risen 28.18% over the past one year. While a 52-week high of $22.31 was reached on 01/22/25, a 52-week low of $15.78 was recorded on 01/02/25. SMA at 50 days reached $19.66, while 200 days put it at $18.83.

Levels Of Support And Resistance For PAGP Stock

The 24-hour chart illustrates a support level at 20.94, which if violated will result in even more drops to 20.74. On the upside, there is a resistance level at 21.53. A further resistance level may holdings at 21.92. The Relative Strength Index (RSI) on the 14-day chart is 57.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.78%. Stochastics %K at 77.00% indicates the stock is a holding.

How much short interest is there in Plains GP Holdings LP?

A steep rise in short interest was recorded in Plains GP Holdings LP stocks on 2025-01-15, growing by 1.21 million shares to a total of 8.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 6.95 million shares. There was a rise of 14.8%, which implies that there is a positive sentiment for the stock.

Most Popular