Published on 1 Mar 2024 on Zacks via Yahoo Finance

Plains All American Pipeline, L.P. (PAA) Is a Trending Stock: Facts to Know Before Betting on It

Plains All American Pipeline (PAA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this oil and gas transportation and storage company have returned +6%, compared to the Zacks S&P 500 composite's +5.2% change. During this period, the Zacks Oil and Gas - Production Pipeline - MLB industry, which Plains All American falls in, has gained 5.2%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.