Calpine Corp (CPN) Files Form 4 Insider Selling : Jack A Fusco Sells 235,000 Shares

Calpine Corp (CPN): Jack A Fusco , director of Calpine Corp sold 235,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $14.77 per share for a total value of $3,472,290.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 12, 2015, Iii, W. G. Griggs, (EVP & Chief Commercial Officer) purchased 15,000 shares at $14.75 per share price.On May 8, 2015, David C Merritt (director) purchased 14,000 shares at $20.52 per share price.Also, On Feb 26, 2015, Robert A Jr Mosbacher (director) sold 7,500 shares at $22.02 per share price.

Calpine Corporation: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Calpine Corporation which led to swings in the share price. The shares opened for trading at $14.76 and hit $15.11 on the upside , eventually ending the session at $15.08, with a gain of 1.89% or 0.28 points. The heightened volatility saw the trading volume jump to 37,29,078 shares. The 52-week high of the share price is $20.28 and the company has a market cap of $5,414 M . The 52-week low of the share price is at $11.53.

Calpine Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Calpine Corporation is Downgraded by Argus to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 8, 2016.

Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power steam capacity renewable energy credits and ancillary services to its customers which include utilities independent electric system operators industrial and agricultural companies retail power providers municipalities power marketers and others. Its segments are West (including geothermal) Texas and East (including Canada). The Company’s portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines which are primarily combined-cycle plants and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines as well as cogeneration power plants. It owns 88 power plants including one under construction plant with an aggregate generation capacity of 26548 megawatt (MW) and 309 MW under construction.

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