Global Gp LLC Buys Shares of Global Partners LP $GLP
Key Points
- Global Gp LLC bought 5,000 shares of Global Partners LP ($GLP) worth $233,450.
- $GLP last traded around $43.19.
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Global Gp LLC, insider at Global Partners LP ($GLP), bought 5,000 shares at an average price of $46.69, for a total transaction of $233,450. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Global Partners LP Stock Down 14.5%
Shares of Global Partners LP ($GLP) traded around $43.19 on Wednesday, down 14.5% for the day.
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About Global Partners LP
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil to retailers and wholesale distributors. This segment transports the products by railcars, barges, trucks and/or pipelines. The GDSO segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates convenience stores and prepared food sales; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector; and sells custom blended fuels. The company is involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.