Why Plains All American Pipeline Stock Was a Winner on Wednesday

Plains All American Pipeline (PAA 4.00%) stock was the pipeline to increased gains for investors on Wednesday. They traded the shares up by nearly 4% on news of an important divestment, and that rate easily beat the essentially flat-lining S&P 500 index.Selling the Canadian NGL businessAfter market close on Tuesday, Plains and its majority owner, Plains GP Holdings (PAGP 4.22%), disclosed that they had finalized agreements to sell "substantially all" of their natural gas liquids (NGL) business. The acquirer ...