Pacific Ethanol Inc (PEIX) stock is higher by 22.73% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 PEIX Stock Today?
Pacific Ethanol Inc (PEIX) stock is trading at $10.26 as of 9:55 AM on Monday, Oct 19, an increase of $0.11, or 1.08% from the previous closing price of $10.15. The stock has traded between $10.15 and $10.66 so far today. Volume today is low. So far 603,781 shares have traded compared to average volume of 7,408,264 shares.
To see InvestorsObserver's Sentiment Score for Pacific Ethanol Inc click here.
More About Pacific Ethanol Inc
Pacific Ethanol Inc is a producer and marketer of renewable fuels. It owns and operates several ethanol production facilities distributed across the Western and Midwestern United States. The company operates across two segments: production and marketing. Its production segment includes the production and sale of ethanol and co-products, such as corn oil, distillers grains, and corn gluten meal. Its marketing segment includes the marketing, distribution, and trading of ethanol. The majority of companywide revenue comes from the production and sale of ethanol, with co-products accounting for a smaller portion. Pacific Ethanol's customers are mainly integrated oil companies and gasoline marketers that blend ethanol into their gasoline.
Click Here to get the full Stock Score Report on Pacific Ethanol Inc (PEIX) Stock.
