Shares of Spectra Energy Corp (NYSE:SE) Sees Large Outflow of Money

Spectra Energy Corp (NYSE:SE) : The total money flow in Spectra Energy Corp (NYSE:SE) was negative ($1.99 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $4.27 million. In comparison, the inflow of money into the stock on upticks was $2.28 million. The uptick to downtick ratio was 0.53. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.03 million. The negative money flow of ($1.03 million) confirms the selling in Spectra Energy Corp (NYSE:SE) on strength. Spectra Energy Corp (NYSE:SE) gained $0.71 at $35.76, a gain of 2.03% over the previous days close. However, the stock registered 4.04% in the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Buckley Guy G., officer (Chief Development Officer) of Spectra Energy Corp., had unloaded 21,100 shares at an average price of $29.41 in a transaction dated on March 2, 2016. The total value of the transaction was worth $620,551. Currently the company Insiders own 0.22% of Spectra Energy Corp shares according to the proxy statements. Institutional Investors own 68.1% of Spectra Energy Corp shares.

The company shares have rallied 10.05% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $35.32 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $32.63 and the 200 Day Moving Average price is recorded at $29.35. Spectra Energy Corp (NYSE:SE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.32 and $35.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.85, notching a gain of 2.28% for the day. The total traded volume was 4,817,288 . The stock had closed at $35.05 on the previous day.

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.

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