Could Renewable Energy Group, Inc. (REGI) Skyrocket Even More? The Stock Just Made 52-Week High

May 17, 2018 - By Paula Hilliard

Renewable Energy Group, Inc. (NASDAQ:REGI) Logo

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.20, from 1.39 in 2017Q3. It turned negative, as 19 investors sold Renewable Energy Group, Inc. shares while 40 reduced holdings. 26 funds opened positions while 44 raised stakes. 37.94 million shares or 1.54% less from 38.53 million shares in 2017Q3 were reported.
Deutsche Bancshares Ag reported 0% in Renewable Energy Group, Inc. (NASDAQ:REGI). Northwestern Mutual Wealth Management Company stated it has 0% of its portfolio in Renewable Energy Group, Inc. (NASDAQ:REGI). Sg Americas Securities Llc holds 0% in Renewable Energy Group, Inc. (NASDAQ:REGI) or 15,689 shares. State Street invested in 1.30M shares or 0% of the stock. Susquehanna Interest Grp Inc Llp owns 64,348 shares. D E Shaw holds 0% of its portfolio in Renewable Energy Group, Inc. (NASDAQ:REGI) for 200,405 shares. Qs Invsts Llc has invested 0% of its portfolio in Renewable Energy Group, Inc. (NASDAQ:REGI). Millennium Mngmt Ltd reported 0% in Renewable Energy Group, Inc. (NASDAQ:REGI). Denver Inv Advsrs Ltd Limited Liability Company accumulated 10,833 shares. Gsa Capital Ptnrs Limited Liability Partnership invested in 0.07% or 93,600 shares. Goldman Sachs Gru has invested 0% of its portfolio in Renewable Energy Group, Inc. (NASDAQ:REGI). 11,400 were reported by Numeric Limited Liability. Secor Cap Limited Partnership invested in 270,169 shares or 0.13% of the stock. Campbell & Company Investment Adviser Limited Liability Corporation invested in 10,371 shares or 0.09% of the stock. Stratos Wealth Prtnrs invested 0% of its portfolio in Renewable Energy Group, Inc. (NASDAQ:REGI).

The stock of Renewable Energy Group, Inc. (NASDAQ:REGI) hit a new 52-week high and has $17.98 target or 8.00 % above today’s $16.65 share price. The 8 months bullish chart indicates low risk for the $621.31 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $17.98 price target is reached, the company will be worth $49.70 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 6.39% or $1 during the last trading session, reaching $16.65. About 1.77M shares traded or 120.24% up from the average. Renewable Energy Group, Inc. (NASDAQ:REGI) has risen 27.78% since May 17, 2017 and is uptrending. It has outperformed by 16.23% the S&P500.

More notable recent Renewable Energy Group, Inc. (NASDAQ:REGI) news were published by: Nasdaq.com which released: “Mid-Morning Market Update: Markets Open Higher; Sears Board Explores Sale Of Assets” on May 14, 2018, also Globenewswire.com with their article: “Renewable Energy Group Reports First Quarter 2018 Financial Results” published on May 03, 2018, Globenewswire.com published: “Renewable Energy Group Launches REG Ultra Cleanâ„¢ Diesel” on May 02, 2018. More interesting news about Renewable Energy Group, Inc. (NASDAQ:REGI) were released by: Globenewswire.com and their article: “Renewable Energy Group Completes $32 Million Ralston Biodiesel Expansion” published on May 10, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Afternoon Market Update: Precipio Surges Following Strong Preliminary Q1 Results; aTyr Pharma Shares Slide” with publication date: May 14, 2018.

Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the United States. The company has market cap of $621.31 million. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other divisions. It has a 4.44 P/E ratio. The Biomass-Based Diesel segment acquires feedstock; manages, constructs, and operates biomass diesel production facilities; and markets, sells, and distributes biomass diesel and its co-products.

Renewable Energy Group, Inc. (NASDAQ:REGI) Ratings Chart

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