Energy Transfer (NYSE:ET) gains for week with gas backlog in focus as volume dries up
Energy Transfer LP was flat on Friday. The pipeline stock edged down 0.05% to $19.17, matching the S&P 500’s small decline but trailing the energy sector, which gained 0.18%. Trading volume was only 5.30 million units, far below its 65-day average of 13.62 million. Shares traded 7.39% under their $20.70 high from May. ET added 2.24% for the week based on the June 18 close, the session right before the Juneteenth pause. Over its five trading days, ET saw about 36.6 million units change hands — well under the roughly 68.1 million it would have logged if volume had kept pace with the 65-day average. Shares rose for the week, but volume stayed light.