Wednesday's ETF with Unusual Volume: PFM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2024
0mins
Source: NASDAQ.COM
ETF Performance Highlights: On Wednesday, Pfizer saw a 3.3% increase with over 27 million shares traded, while Apple rose by 1.4% with nearly 15 million shares exchanged; Corning performed best with a 5% gain and Delek Logistics Partners lagged with a 12.1% decline.
Volume Insights: The Invesco Dividend Achievers ETF experienced unusual trading volume, particularly with the notable movements of its components.
Analyst Views on DKL
Wall Street analysts forecast DKL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DKL is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 48.090
Low
45.00
Averages
45.00
High
45.00
Current: 48.090
Low
45.00
Averages
45.00
High
45.00
About DKL
Delek Logistics Partners, LP is a midstream energy master limited partnership, which provides gathering, pipeline and other transportation services for crude oil and natural gas customers, storage, wholesale marketing and terminalling services. Its segments include gathering and processing; wholesale marketing and terminalling; storage and transportation, and investment in pipeline joint ventures. The gathering and processing segment consists of Midland Gathering Assets, Midland Water Gathering Assets and Delaware Gathering Assets. The marketing and terminalling segment provides wholesale marketing and terminalling services to Delek Holdings’ refining operations and to independent third parties. The storage and transportation segment consists of tanks, offloading facilities, trucks and ancillary assets, which provide crude oil, intermediate and refined products transportation and storage services. Its operations also include integrated full-cycle water systems in the Permian Basin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
