Price Action Report: Could Pacific Ethanol Inc Rise Even More? The Stock Had Another Big Increase Today

Price Action Report: Could Pacific Ethanol Inc Rise Even More? The Stock Had Another Big Increase Today

The stock of Pacific Ethanol Inc (NASDAQ:PEIX) is a huge mover today! About 223,708 shares traded hands. Pacific Ethanol Inc (NASDAQ:PEIX) has risen 84.95% since April 5, 2016 and is uptrending. It has outperformed by 82.99% the S&P500.
The move comes after 7 months positive chart setup for the $250.74M company. It was reported on Nov, 8 by Barchart.com. We have $12.49 PT which if reached, will make NASDAQ:PEIX worth $203.10 million more.

Pacific Ethanol Inc (NASDAQ:PEIX) Ratings Coverage

Out of 3 analysts covering Pacific Ethanol (NASDAQ:PEIX), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Pacific Ethanol has been the topic of 5 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The stock of Pacific Ethanol Inc (NASDAQ:PEIX) earned “Buy” rating by Rodman & Reshaw on Tuesday, May 24. Roth Capital maintained the stock with “Buy” rating in Monday, March 14 report.

According to Zacks Investment Research, “Pacific Ethanol, Inc. is currently in the business of marketing ethanol in the Western United States through Kinergy Marketing, a wholly-owned subsidiary of the Company and the largest West Coast-based marketer of renewable fuels. The Company intends, in the near future, to construct an ethanol production facility at its Madera County, California, site.”

Insitutional Activity: The institutional sentiment increased to 0.78 in 2016 Q2. Its up 0.07, from 0.71 in 2016Q1. The ratio improved, as 13 funds sold all Pacific Ethanol Inc shares owned while 28 reduced positions. 10 funds bought stakes while 22 increased positions. They now own 28.35 million shares or 1.70% less from 28.84 million shares in 2016Q1.
State Street Corporation reported 601,816 shares or 0% of all its holdings. Retail Bank Of New York Mellon Corporation owns 267,363 shares or 0% of their US portfolio. Panagora Asset Mngmt holds 438,148 shares or 0.01% of its portfolio. Northern Tru Corp holds 491,062 shares or 0% of its portfolio. Geode Limited Liability Corporation accumulated 0% or 161,119 shares. Farmers & Merchants Invs owns 7 shares or 0% of their US portfolio. Citadel Advsr Limited Com reported 72,290 shares or 0% of all its holdings. Comm Commercial Bank holds 13,790 shares or 0% of its portfolio. Morgan Stanley holds 24,447 shares or 0% of its portfolio. Moreover, Teachers Advsr has 0% invested in Pacific Ethanol Inc (NASDAQ:PEIX) for 49,487 shares. Diam Com Limited holds 0.01% of its portfolio in Pacific Ethanol Inc (NASDAQ:PEIX) for 106,700 shares. Creative Planning holds 106 shares or 0% of its portfolio. Clarivest Asset Mgmt Ltd Liability Co has invested 0% of its portfolio in Pacific Ethanol Inc (NASDAQ:PEIX). First Tru Advsrs L P accumulated 0% or 38,593 shares. Vanguard Grp Inc, a Pennsylvania-based fund reported 1.04M shares.

Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 3 selling transactions for $404,127 net activity. On Friday, August 12 Prince John L sold $117,827 worth of the stock or 17,745 shares. Jones William L sold $100,305 worth of stock. On Thursday, June 9 the insider Wright Christopher W sold $185,995.

More news for Pacific Ethanol Inc (NASDAQ:PEIX) were recently published by: Bizjournals.com, which released: “Pacific Ethanol’s second-quarter profit rises as sales almost double” on July 27, 2016. Livetradingnews.com‘s article titled: “Pacific Ethanol Inc(NASDAQ:PEIX) Update” and published on November 07, 2016 is yet another important article.

PEIX Company Profile

Pacific Ethanol, Inc., incorporated on February 28, 2005, is a producer and marketer of low-carbon renewable fuels in the United States. The Company’s divisions include a production segment and a marketing segment. The Firm owns and operates over eight ethanol production facilities. Approximately four of its plants are in the Western states of California, Oregon and Idaho, or the Pacific Ethanol West plants, and over four of its plants are located in the Midwestern states of Illinois and Nebraska, or the Pacific Ethanol Central plants. The Company’s plants have a combined ethanol production capacity of over 515 million gallons per year.

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