Extremely significant positive changes in Plains All American Pipeline LP (NASDAQ: PAA) investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Recent marginal positive changes in fundamentals have benefitted Plains All American Pipeline LP (NASDAQ: PAA): the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Plains All American Pipeline has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Plains All American Pipeline has a good Appreciation Score of 79 but a neutral Power Rating of 44, with the High Neutral Value Trend Rating the result.
Recent Price Action
Plains All American Pipeline LP (NASDAQ: PAA) stock closed at $18.73 on 1/8/25 after a very large increase of 6.2%. Moreover, exceptionally high trading volume at 232% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 11.3% during the last week.
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