Large Outflow of Money Witnessed in CenterPoint Energy

CenterPoint Energy (CNP) : The total negative money flow of $2.39 million on Friday indicates selling on strength. The inflow of money on upticks was $6.25 million, compared to $8.64 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.72. The negative money flow of $2.56 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.69 million in a block trade.The transaction value of block trade on downtick was $4.25 million. The uptick to downtick ratio was 0.4. The price action in the CenterPoint Energy (CNP) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $24.52 with a gain of $0.28 , a change of 1.16% over the previous days close. The stock registered 1.91% for the week.


CenterPoint Energy (CNP) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $27 and the lowest price target forecast is $23. The average forecast of all the analysts is $24.1 and the expected standard deviation is $1.88.

CenterPoint Energy (NYSE:CNP): stock turned positive on Friday. Though the stock opened at $24.22, the bulls momentum made the stock top out at $24.71 level for the day. The stock recorded a low of $24.21 and closed the trading day at $24.69, in the green by 1.86%. The total traded volume for the day was 4,146,062. The stock had closed at $24.24 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Mcgoldrick Joseph B, officer (Exec VP – Div Pres) of Centerpoint Energy Inc, had unloaded 9,000 shares at an average price of $22.23 in a transaction dated on May 13, 2016. The total value of the transaction was worth $200,070.

CenterPoint Energy, Inc. is a public utility holding company. The companys segments include: Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Electric Transmission & Distribution provides electric transmission and distribution services to retail electric providers. Natural Gas Distribution offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial, industrial and institutional customers. Energy Services includes non-rate regulated gas sales and services operations. Midstream Investments segment includes equity earnings associated with the operations of Enable Midstream Partners, LP and a 0.1% interest in Southeast Supply Header, LLC owned by CenterPoint Energy Resources Corp. Other Operations includes office buildings and other real estate used in its business operations and other corporate operations which support all of its business operations.

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