Shares of Pacific Ethanol PEIX surged over 10 percent following an ethanol report released late Friday, suggesting a decrease in ethanol prices due to an increase in corn alternative.
Gasoline for August delivery decreased by 1.7 percent to 2.9085 a gallon on Nymex, while corn for December delivery decreased by two percent, to $3.845 bushel on CBOT.
Shares of Pacific Ethanol traded recently at $17.00, up 8.4 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Movers
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in