The market has been high on Genesis Energy, L.P. common stock (GEL) stock recently. GEL gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With GEL Stock Today?
Genesis Energy, L.P. common stock (GEL) stock is trading at $7.54 as of 2:46 PM on Friday, Dec 4, a gain of $0.65, or 9.43% from the previous closing price of $6.89. The stock has traded between $7.01 and $7.71 so far today. Volume today is less active than usual. So far 767,865 shares have traded compared to average volume of 1,047,106 shares.
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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.
Click Here to get the full Stock Score Report on Genesis Energy, L.P. common stock (GEL) Stock.
