Recent exceptional negative changes in investment behavior have affected Genesis Energy LP (NYSE: GEL): its longer term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Genesis Energy LP (NYSE: GEL) suffers from important negative changes in fundamentals: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Genesis Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Genesis Energy has a neutral Power Rating of 40 and a slightly negative Appreciation Score of 33, triggering the Negative Value Trend Rating.
Recent Price Action
On 12/10/24, Genesis Energy LP (NYSE: GEL) stock declined slightly by -0.4%, closing at $10.78. Moreover, trading volume in this decline was exceptionally high at 204% of normal. The stock has performed in line with the market over the last nine months and has declined -9.5% during the last week.
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