Somewhat Positive Media Coverage Somewhat Unlikely to Impact World Point Terminals (WPT) Stock Price
Press coverage about World Point Terminals (NYSE:WPT) has trended somewhat positive on Friday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. World Point Terminals earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 44.8690641352704 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
World Point Terminals (NYSE:WPT) opened at 17.29 on Friday. World Point Terminals has a one year low of $14.25 and a one year high of $17.90. The stock has a 50 day moving average of $17.00 and a 200 day moving average of $16.81.
A number of brokerages have commented on WPT. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of World Point Terminals in a research report on Friday, June 30th. ValuEngine cut shares of World Point Terminals from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
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In related news, major shareholder World Point Terminals, Inc. purchased 6,127,974 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was acquired at an average price of $17.30 per share, for a total transaction of $106,013,950.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kenneth E. Fenton sold 8,000 shares of World Point Terminals stock in a transaction on Friday, June 30th. The stock was sold at an average price of $17.30, for a total transaction of $138,400.00. The disclosure for this sale can be found here.
World Point Terminals Company Profile
World Point Terminals, LP owns, operates, develops and acquires liquid bulk storage terminals and other assets relating to the storage of petroleum products, including light refined products, heavy refined products and crude oil. The Company operates fee-based facilities located along the East Coast, Gulf Coast and Midwest regions of the United States.
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