Shares of NiSource Inc (NI) Sees Large Inflow of Net Money Flow

NiSource Inc (NI) : $21.07 million worth of transactions were on upticks in NiSource Inc (NI), compared to $8.66 million on downticks. The ratio between the two was 2.43, whereas, the net money flow stood at a healthy $12.4 million on Tuesdays session.The block trades show a bullish bias with only $0.77 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $13.05million worth of trades. The up-down ratio between the uptick and downtick was 17.04, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $12.29 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.81%. The stock was trading at $25.86, with a drop of $0.21 over the previous days close. The stock recorded -1.03% for the week.


The company Insiders own 0.32% of NiSource Inc shares according to the proxy statements. Institutional Investors own 82.3% of NiSource Inc shares. During last six month period, the net percent change held by insiders has seen a change of -10.85%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, Levander Carl W had sold 6,000 shares worth of $134,340 in a transaction dated March 7, 2016. In this transaction, 6,000 shares were sold at $22.39 per share.

NiSource Inc. has dropped 3.4% in the last five trading days, however, the shares have posted positive gains of 3.86% in the last 4 weeks. NiSource Inc. is up 10.2% in the last 3-month period. Year-to-Date the stock performance stands at 34.45%.

NiSource Inc (NYSE:NI): On Tuesdays trading session , Opening price of the stock was $25.91 with an intraday high of $26.04. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.5725. However, the stock managed to close at $25.86, a loss of 0.81% for the day. On the previous day, the stock had closed at $26.07. The total traded volume of the day was 3,369,745 shares.

NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.