Shares of Calpine Corporation (NYSE:CPN) Sees Large Outflow of Money

Calpine Corporation (NYSE:CPN) : Money flow in the Calpine Corporation (NYSE:CPN) stock was negative (1.59 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.71 million, compared to $3.3 million on downticks. The total uptick to downtick ratio was 0.52, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.41 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.19 million. Downtick transaction value in block trades amounted to $1.6 million, indicating persistent selling. The uptick to downtick ratio was 0.12. Calpine Corporation (NYSE:CPN) traded $0.36 higher at $14.58 gaining 2.5% over the previous days close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Calpine Corp, Fusco Jack A had sold 68,000 shares worth of $1,071,680 in a transaction dated June 6, 2016. In this transaction, 68,000 shares were sold at $15.76 per share. 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 92.88% of Calpine Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.8%.

The company shares have dropped -19.71% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $19.73 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $14.64 and the 200 Day Moving Average price is recorded at $14.35. Calpine Corporation (NYSE:CPN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.44 and $14.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.58, notching a gain of 2.53% for the day. The total traded volume was 4,447,998 . The stock had closed at $14.22 on the previous day.

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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