Pacific Ethanol Stock Jumped 24% Today: What Investors Need To Know
Shares of Pacific Ethanol (NASDAQ: PEIX) rocketed higher when the market opened on Aug. 27, surging more than 24% in the first half hour of trading. At this writing around 12:13 p.m. EDT, shares have cooled off but are still up more than 9%.
This is a reversal for the company's stock price over the past week; even with today's gains, shares are down 28% since Aug. 18. But it's a return to the huge upward trajectory over the duration of the coronavirus crisis. Shares are up 462% since the beginning of 2020, as investors have chased gains in any stock that looks likely to benefit from the pandemic.
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Source Fool.com