Biofuels Digest Index jumps to 74.78 as Valero takeover rumors swirl

October 27, 2011 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 2.80 percent to 74.78 on a broad surge in biofuels equities. For the day, Archer Daniels Midland (ADM) recovered 2.66 percent to $28.90, while Rentech (RTK) soared 18.33 percent to $1.42. Among other equities, Valero (VLO) soared 15.16 percent to $25.15 on rumors of a takeover offer from India’s Reliance Industries.. Overall, declines led advances 10 for 1 for the day.

Category: Digest Index

Thank you for visting the Digest.