|Bid||0.00 x 3000|
|Ask||0.00 x 4000|
|Day's Range||5.41 - 6.91|
|52 Week Range||0.22 - 11.44|
|Beta (5Y Monthly)||3.78|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of oil and alternative fuel stocks took a nosedive on Monday as the market sank and oil tumbled. Three of the most notable moves were Clean Energy Fuels (NASDAQ: CLNE) dropping as much as 14.9%, Pacific Ethanol (NASDAQ: PEIX) falling up to 19.1%, and Transocean (NYSE: RIG) plunging 17.8%. There are a few factors to consider today, and none of them should change your fundamental investment thesis in these stocks.
Shares of alcohol manufacturer Pacific Ethanol (NASDAQ: PEIX) were up 13.5% at 11 a.m. Friday. The Wall Street Journal reports today that the U.S. just logged its highest daily number of new coronavirus infections: 187,833 cases on Thursday, up 6% from a week ago.
I'm dealing with flash floods and internet outages this morning in North Carolina but like any good trader that isn't stopping me. I've been looking for some opportunities in a market that continues to hold up.