Green Plains (GPRE) : Traders are bullish on Green Plains (GPRE) as it has outperformed the S&P 500 by a wide margin of 1.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.7%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.75% in the last 1 week, and is up 2.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.87% and the 50-Day Moving Average is 10.08%. Green Plains (NASDAQ:GPRE): stock turned positive on Friday. Though the stock opened at $22.42, the bulls momentum made the stock top out at $22.92 level for the day. The stock recorded a low of $22.16 and closed the trading day at $22.69, in the green by 1.16%. The total traded volume for the day was 939,524. The stock had closed at $22.43 in the previous days trading.
The company Insiders own 7.6% of Green Plains shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.09% . Institutional Investors own 94.91% of Green Plains shares. During last six month period, the net percent change held by insiders has seen a change of -3.27%.
Green Plains Inc. is a producer, marketer and distributor of ethanol. The Company operates in four segments: Ethanol Production segment, which is engaged in the production of ethanol and related distillers grain; Corn Oil Production segment, which is engaged in corn oil extraction systems; Agribusiness segment, which is engaged in grain handling and storage and cattle feedlot operations, and Marketing and Distribution segment, which is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer. It owns an ethanol production facility, which includes approximately 100 million gallons per year of production capacity, a corn oil extraction system and other related assets. It processes approximately 12 million tons of corn annually, producing over 1.2 billion gallons of ethanol, approximately 3.4 million tons of livestock feed and approximately 275 million pounds of industrial grade corn oil at full capacity.