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GLP

Global Partners (GLP) Crumbles: Stock Goes Down 11.4%

Global Partners LPGLP saw a big move last session, as the company's shares fell by over 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GLP, as the stock is now down over 37% in the past one-month time frame.

The oil refining and marketing company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

GLP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

Investors interested in the same industry may consider better-ranked stock like Alon USA Partners, LP ALDW , which carries 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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GLOBAL PARTNERS (GLP): Free Stock Analysis Report

ALON USA PTNRS (ALDW): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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