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Is Genesis Energy, L.P. common stock (GEL) Stock About to Get Hot Thursday?

Thursday, June 30, 2022 12:34 PM | InvestorsObserver Analysts

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Is Genesis Energy, L.P.  common stock (GEL) Stock About to Get Hot Thursday?

The market has been down on Genesis Energy, L.P. common stock (GEL) stock recently. GEL gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
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!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With GEL Stock Today?

Genesis Energy, L.P. common stock (GEL) stock is trading at $8.02 as of 12:25 PM on Thursday, Jun 30, a loss of -$0.04, or -0.5% from the previous closing price of $8.06. Volume today is low. So far 375,339 shares have traded compared to average volume of 511,064 shares. The stock has traded between $7.61 and $8.03 so far today. To screen for more stocks like 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.

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