Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Pacific Ethanol Stock Bounced 13.5% on Friday

Shares of alcohol manufacturer Pacific Ethanol (NASDAQ: PEIX) were up 13.5% at 11 a.m. Friday. There does not appear to be any news specific to the company behind the rise.

But there is reason to favor Pacific Ethanol as a coronavirus play since it is evolving past its historical role as a provider of ethanol as an additive to gasoline (to fight smog and diminish reliance on imported oil). It is now more focused on producing ethanol that can be used to manufacture disinfectants and hand sanitizer in the fight against COVID-19.


Continue reading


Try our new sharewise academy

Learn everything about the market

Like: 0