Westar Energy (NYSE:WR) : During the past 4 weeks, traders have been relatively bearish on Westar Energy (NYSE:WR), hence the stock is down -1.5% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.98% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.28% in the last 1 week, and is up 0.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 55.99% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $57.25 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $55.44 and the 200 Day Moving Average price is recorded at $48.83.
The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 4.58%.
Westar Energy (NYSE:WR): stock turned positive on Friday. Though the stock opened at $56.32, the bulls momentum made the stock top out at $56.78 level for the day. The stock recorded a low of $56.19 and closed the trading day at $56.42, in the green by 0.18%. The total traded volume for the day was 1,022,943. The stock had closed at $56.32 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Greenwood Greg A, officer (SVP, Strategy) of Westar Energy Inc /Ks, had unloaded 5,000 shares at an average price of $46.9 in a transaction dated on March 10, 2016. The total value of the transaction was worth $234,500.
Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 693,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energys wholly owned subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Company supplies electric energy at retail to customers in Kansas. The Company also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas. The Company classifies it customer as residential, commercial and industrial. It has around 6,645 megawatts (MW) of generating capacity in service. Its installed wind power generation capacity is around 515 MW.