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By Konrad Imielinski
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Ethanol Stocks Sink in Afternoon Trading

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This entry was posted on 8/1/2006 2:19 PM and is filed under Recap of the Stock Market.

Full of early misconceptions it looked as if the “Ethanol Sector” could make a nice push today after Archer Daniels-Midland Co. (ADM) announced that its fourth-quarter profit more than doubled. Speculation from this news resulted in an early rise of most ethanol stocks. Xethanol (XNL), unless a glitch in the system, jumped 32.3% to $10 in early trading but corrected to $7.40 in the afternoon. There was no news published to support this rise.

 
Chart
Symbol Last Trade Change Volume Market Cap
ADM 3:00PM ET 43.84 Down 0.16 Down 0.36% 6,631,800 28.69B
ANDE 3:05PM ET 36.91 Down 0.47 Down 1.26% 371,655 561.00M
AVR 3:00PM ET 30.21 Up 0.61 Up 2.06% 137,000 1.26B
GPRE 2:36PM ET 31.51 Down 0.99 Down 3.05% 5,019 138.68M
GSCT.OB 2:21PM ET 0.08 Down 0.00 Down 1.23% 3,743,142 19.99M
GSHF.OB 2:08PM ET 0.18 0.00 0.00% 413,924 19.58M
MGPI 3:05PM ET 21.68 Down 1.36 Down 5.90% 303,788 350.11M
OTD 2:56PM ET 0.84 Down 0.05 Down 5.62% 184,900 60.87M
PEIX 3:05PM ET 18.9288 Up 0.1788 Up 0.95% 1,712,514 595.25M
STKL 3:04PM ET 8.50 Down 0.29 Down 3.30% 457,540 483.77M
VSE 2:59PM ET 24.13 Down 0.37 Down 1.51% 246,500 1.80B
XNL 2:57PM ET 7.40 Down 0.16 Down 2.12% 115,200 194.78M
Get a snapshot of today's market action in Market Overview

 

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