Is Genesis Energy, L.P. common stock (GEL) a Stock to Watch After Losing -3.40% This Week?

Genesis Energy, L.P. common stock (GEL) stock has fallen 3.40% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Genesis Energy, L.P. common stock has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GEL!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GEL Stock Today?

Genesis Energy, L.P. common stock (GEL) stock is trading at $10.50 as of 1:05 PM on Monday, Sep 25, an increase of $0.46, or 4.58% from the previous closing price of $10.04. The stock has traded between $10.05 and $10.72 so far today. Volume today is below average. So far 364,201 shares have traded compared to average volume of 597,964 shares. To see InvestorsObserver's Sentiment Score for Genesis Energy, L.P. common stock click here.

More About Genesis Energy, L.P. common stock

Genesis Energy LP is a US-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The reportable segments of the company are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the sodium minerals and sulfur services segment. Sodium minerals and sulfur services segment include trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as the processing of high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product. Click Here to get the full Stock Report for Genesis Energy, L.P. common stock stock.