Global Partners LP GLP was a big mover last session, as the partnership saw its units rise nearly 7% on the day. The move came on solid volume with far more units changing hands than in a normal session. This reverses the recent downtrend for the partnership since Nov 25, as the stock is now down more than 31%.
In the last 30 days, the partnership has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Global Partners currently carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is positive.
A better-ranked oil refining and marketing MLP stock is Abercrombie & Fitch Co. ANF, which sports a Zacks Rank#1 (Strong Buy).
Is GLP going up? Or down? Predict to see what others think: Up or Down
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