Plains All American Pipeline LP (NASDAQ:PAA) shares, rose in value, with the stock price down by -1.59% to the previous day’s close as strong demand from buyers drove the stock to $16.43.
Actively observing the price movement in the recent trading, the stock is buoying the session at $16.70. The PE ratio was 17.69 over 12-month period. Referring to stock’s 52-week performance, its high was $21.00, and the low was $15.57. On the whole, PAA has fluctuated by -9.15% over the past month.
With the market capitalization of Plains All American Pipeline LP currently standing at about $11.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 8.49%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PAA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 10.46, with the price of PAA currently trading nearly -2.34% and -7.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.51, while the 7-day volatility ratio is showing 0.89% which for the 30-day chart, stands at 2.17%. Furthermore, Plains All American Pipeline LP (PAA)’s beta value is 0.65, and its average true range (ATR) is 0.45.
A comparison of Plains All American Pipeline LP (PAA) with its peers suggests the former has fared considerably weaker in the market. PAA showed an intraday change of -1.59% in today’s session so far, and over the past year, it shrunk by -3.61%%.
Data on historical trading for Plains All American Pipeline LP (NASDAQ:PAA) indicates that the trading volumes over the past 3 months, they’ve averaged 3.71 million. According to company’s latest data on outstanding shares, there are 703.78 million shares outstanding.
Nearly 35.00% of Plains All American Pipeline LP’s shares belong to company insiders and institutional investors own 39.16% of the company’s shares. The stock has fallen by -3.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PAA stock heading into the next quarter.
