The stock of World Point Terminals LP (WPT) formed a down wedge with $10.77 target or 13.00% below today’s $12.38 share price. The 6 months wedge indicates high risk for the $435.40M company. If the $10.77 price target is reached, the company will be worth $56.60M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high. The stock decreased 1.28% or $0.16 on December 11, hitting $12.38. About 27,920 shares traded hands or 17.79% up from the average. World Point Terminals LP (NYSE:WPT) has declined 31.21% since May 8, 2015 and is downtrending. It has underperformed by 28.19% the S&P500.
According to Zacks Investment Research, “World Point Terminals, LP owns, operates, develops and acquires terminals and other assets relating to the storage of light refined products, heavy refined products and crude oil. The Company’s storage terminals are located in the East Coast, Gulf Coast and Midwest regions of the United States. It provides terminaling and storage of light refined products, such as gasoline, distillates and jet fuels; heavy refined products, such as residual fuel oils and liquid asphalt, and crude oil. World Point Terminals, LP is headquartered in St. Louis, Missouri.” Get a free copy of the Zacks research report on World Point Terminals LP (WPT).
The institutional sentiment increased to 1.08 in 2015 Q3. Its up 0.29, from 0.79 in 2015Q2. The ratio increased, as 8 funds sold all World Point Terminals LP shares owned while 5 reduced positions. 4 funds bought stakes while 10 increased positions. They now own 5.61 million shares or 10.67% more from 5.07 million shares in 2015Q2.
Lafitte Capital Management Lp holds 7.62% of its portfolio in World Point Terminals LP for 761,681 shares. Trafelet Brokaw Capital Management L.P. owns 468,279 shares or 4.23% of their US portfolio. Moreover, Moab Capital Partners Llc has 0.88% invested in the company for 186,103 shares. The Illinois-based Advisory Research Inc has invested 0.15% in the stock. Drw Securities Llc, a Illinois-based fund reported 40,097 shares.
Since April 1, 2015, the stock had 6 insider purchases, and 14 selling transactions for $434,407 net activity. Novelly Paul A bought 2,279 shares worth $30,311. Levy Edwin A bought 1,000 shares worth $14,020. Graziadio G Louis Iii sold 1,200 shares worth $18,000. Fenton Kenneth E bought 2,000 shares worth $33,360.
More notable recent World Point Terminals LP (NYSE:WPT) news were published by: Businesswire.com which released: “World Point Terminals, LP Announces Retirement of Chief Financial Officer and …” on June 30, 2015, also Businesswire.com with their article: “World Point Terminals, LP Announces Quarterly Distribution” published on October 14, 2015, Businesswire.com published: “World Point Terminals, LP Announces an Agreement to Acquire a Terminal …” on December 16, 2014. More interesting news about World Point Terminals LP (NYSE:WPT) were released by: Businesswire.com and their article: “World Point Terminals, LP Announces Financial Results for the Quarter Ended …” published on November 12, 2015 as well as Seekingalpha.com‘s news article titled: “Westport Innovations Inc. (WPT): IPO Preview: World Point Terminals, LP” with publication date: August 08, 2013.
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