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Shares Of Top Ethanol Companies (AVR, PEIX, ADM, VSE) Fall With The Rest Of The Market
Forbes.com notes that the general economic malaise is affecting share prices of several of the top ethanol companies. Aventine Renewable Energy Holdings (AVR) plummeted to its lowest share price ever on Monday, bottoming out at $1.93 before climbing slightly to close at $2.10. Pacific Ethanol (PEIX) dropped 15.6% to close at $1.08, while VeraSun (VSE) dropped 12.4% to close at $1.84.
Even agribusiness giant Archer Daniels Midland (ADM) was not immune from the slump, falling 4.7% to close at $17.65.
More on this topic
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Pacific Ethanol (PEIX) Down 28% in First Hour
(Contrarian Profits, 9/30/08)
Archer Daniels Midland Company (NYSE: ADM): Q2 Earnings Preview 2010
(Stock Wizard, 1/31/10)
ADM – Priced for Dividend Growth Portfolio
(Dividend Tree, 2/12/10)
VeraSun Energy declares bankruptcy
(Investing Thoughts, 11/1/08)
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