Pre-Market Activity Shows Heavy Volume And Movement For Genesis Energy (GEL)

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Trade-Ideas LLC identified Genesis Energy ( GEL) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Genesis Energy as such a stock due to the following factors:

  • GEL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.3 million.
  • GEL traded 25,600 shares today in the pre-market hours as of 7:52 AM, representing 12.5% of its average daily volume.

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More details on GEL:

Genesis Energy, L.P. operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. The company operates in three segments: Pipeline Transportation, Refinery Services, and Supply and Logistics. The stock currently has a dividend yield of 4.1%. GEL has a PE ratio of 56.2. Currently there are 3 analysts that rate Genesis Energy a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Genesis Energy has been 205,500 shares per day over the past 30 days. Genesis Energy has a market cap of $4.8 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.64 and a short float of 1.6% with 4.33 days to cover. Shares are up 2% year-to-date as of the close of trading on Friday.

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