Shares of Calpine Corporation (NYSE:CPN) Sees Large Inflow of Net Money Flow

The shares of Calpine Corporation (NYSE:CPN) traded with a loss of -0.21 points or -1.45% in the most recent session. The shares last traded at $14.3. As per the trading info, the shares saw $11.06 million in upticks and lost $6.33 million in downticks, resulting in a net money flow of $4.73 million. The up/down ratio for the day was measured at 1.75. For the week, the shares had posted -6.54%.From the block trade data available, the total upticks were valued at $6.67 million and the total downticks were valued at $2.16 million, thereby putting the up/down ratio at 3.09. The net money flow for the block transaction was $4.51 million.


Currently the company Insiders own 1.3% of Calpine Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.03% . Institutional Investors own 92.87% of Calpine Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.8%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Fusco Jack A, director of Calpine Corp, had unloaded 68,000 shares at an average price of $15.76 in a transaction dated on June 6, 2016. The total value of the transaction was worth $1,071,680.

Calpine Corporation (NYSE:CPN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.26 points or 1.79% at $14.25 with 6,732,507 shares getting traded. Post opening the session at $14.34, the shares hit an intraday low of $14.13 and an intraday high of $14.58 and the price was in this range throughout the day. The company has a market cap of $5,116 million and the number of outstanding shares have been calculated to be 359,026,390 shares. The 52-week high of Calpine Corporation (NYSE:CPN) is $19.73 and the 52-week low is $11.53.

Many analysts have stated their opinion on the company shares. SunTrust Robinson Humphrey maintains their rating on the shares of Calpine Corporation (NYSE:CPN). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $15 per share from $16 per share. The rating by the firm was issued on May 19, 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 Companys 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 26,548 megawatt (MW) and 309 MW under construction.

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