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Here's Why This Dividend Stock With a 10% Yield Hit New 52-Week Lows Today


Here's Why This Dividend Stock With a 10% Yield Hit New 52-Week Lows Today

Shares of Green Plains Partners LP (NASDAQ: GPP) sank as much as 11.3% Thursday on abnormal trading volume. Well, "abnormal" is relative. That's because the master limited partnership is thinly traded, with an average daily trading volume of just 63,000 shares. Today, however, roughly 1.4 million shares have traded hands after a handful of sizable trades at market open tipped off a frenzy.

The reason for the higher-than-average trading volume? There isn't one. This appears to be an unfortunate case of "sometimes stocks go up, sometimes stocks go down" that shouldn't be too concerning to investors -- but it could be a buying opportunity.

As of 3:28 p.m. EST, the stock had settled to a 6.9% loss.

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Source: Fool.com

Green Plains Partners L.P. Aktie

4,98 €
9,95 %
Einen Gewinn von 9,95 % verzeichnet heute die Green Plains Partners L.P. Aktie.

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