Plains Group Holdings L.P. (PAGP) Shares Slide -3.37%

Plains Group Holdings L.P. (PAGP) : During the past 4 weeks, traders have been relatively bearish on Plains Group Holdings L.P. (PAGP), hence the stock is down -3.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.3% relative to the S&P 500. The 4-week change in the price of the stock is -0.09% and the stock has fallen -3.37% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.87% and the 50-Day Moving Average is 4.25%. Plains GP Holdings, L.P. is up 9.62% in the last 3-month period. Year-to-Date the stock performance stands at 20.87%.


Plains Group Holdings L.P. (NYSE:PAGP): stock turned positive on Friday. Though the stock opened at $10.3, the bulls momentum made the stock top out at $10.66 level for the day. The stock recorded a low of $10.26 and closed the trading day at $10.62, in the green by 2.02%. The total traded volume for the day was 2,232,857. The stock had closed at $10.41 in the previous days trading.

Also, In a research note released to the investors, Baird upgrades its rating on Plains Group Holdings L.P. (NYSE:PAGP).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on July 13, 2016.

Plains GP Holdings, L.P. (PAGP), owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAAs operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.

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