Spark Energy (SPKE) has been under a strong bear grip, hence the stock is down -8.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.11% in the past 1 week. The stock has risen by 5.17% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.79% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.59% and the 50-Day Moving Average is 11.99%. Spark Energy (NASDAQ:SPKE): On Fridays trading session , Opening price of the stock was $28.24 with an intraday high of $28.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.75. However, the stock managed to close at $26.03, a loss of 7.37% for the day. On the previous day, the stock had closed at $28.1. The total traded volume of the day was 569,431 shares.
The company Insiders own 57.88% of Spark Energy shares according to the proxy statements. Institutional Investors own 25.74% of Spark Energy shares. Also, Equity Analysts at the Brokerage Firm, Janney Capital, upgrades their rating on the shares of Spark Energy (NASDAQ:SPKE). Janney Capital has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 28, 2016.
Spark Energy, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative choice for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. Retail Natural Gas segment purchases natural gas supply through physical and financial transactions with market counterparts and supply natural gas to residential and commercial consumers. The Retail Electricity segment purchases electricity supply through physical and financial transactions with market counterparts and independent system operators (ISOs) and supply electricity to residential and commercial consumers. As of December 31, 2014, it operated in 46 utility service territories across 16 states and had approximately 303,000 residential customers and 15,000 commercial customers.