Green Plains (GPRE) : Traders are bullish on Green Plains (GPRE) as it has outperformed the S&P 500 by a wide margin of 5.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.51%, 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 3.48% in the last 1 week, and is up 5.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Green Plains Inc. is up 32.21% in the last 3-month period. Year-to-Date the stock performance stands at 2.53%. The stock has recorded a 20-day Moving Average of 4.51% and the 50-Day Moving Average is 12.12%.
Green Plains (NASDAQ:GPRE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.07 and $22.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.48, notching a gain of 1.21% for the day. The total traded volume was 473,833 . The stock had closed at $23.20 on the previous day.
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.