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Why Pacific Ethanol's Shares Jumped and Then Slumped on Friday

Travis Hoium, The Motley Fool
·2-min read
Why Pacific Ethanol's Shares Jumped and Then Slumped on Friday

Shares of Pacific Ethanol (NASDAQ: PEIX) were up by as much as 11.1% in early trading Friday, continuing a great week for the stock. Pacific Ethanol's stock has been on an incredible hot streak since investors learned that the company would be surprisingly profitable in 2020. Given the sharp rise in its share price and uncertainty about how long the current demand levels will last, we can expect some volatility from Pacific Ethanol's shares.

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