Shares of ITC Holdings (NYSE:ITC) Sees Large Outflow of Money

Shares of ITC Holdings (NYSE:ITC) traded 0.08 points or 0.18% higher at $45.72.The total intraday money flow for the shares came in at a disappointing $(-7.48) million. The total upticks amounted to $6.53 million and the total downticks were approximately $14.01 million, with the up/down ratio of 0.47. On a different note, the shares have seen 0.84% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $2.72 million in upticks and an outflow of $10.29 million in downticks. The up/down ratio for the block was found to be 0.26. The net money flow for the block transaction was $(-7.56) million.


The stock has recorded a 20-day Moving Average of 1.55% and the 50-Day Moving Average is 3.54%. The company shares have rallied 37.8% in the past 52 Weeks. On June 9, 2016 The shares registered one year high of $46 and one year low was seen on November 6, 2015 at $30.33. The 50-day moving average is $44.71 and the 200 day moving average is recorded at $41.77. S&P 500 has rallied 1.93% during the last 52-weeks.

ITC Holdings (NYSE:ITC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.75 and $45.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.72, notching a gain of 0.18% for the day. The total traded volume was 967,647 . The stock had closed at $45.64 on the previous day.

Currently the company Insiders own 3.2% of ITC Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 3% . Institutional Investors own 84.01% of ITC Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 4.72%. On the companys insider trading activities,The officer (SVP & General Counsel) of Itc Holdings Corp., Mason Soneral Christine sold 8,616 shares at $44.54 on May 27, 2016. The Insider selling transaction had a total value worth of $383,757. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.

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