Large Inflow of Money Detected in Black Hills Corporation

Black Hills Corporation (BKH) stock had a bullish inflow of $8.86 million worth of trades on uptick and an outflow of $5.74 million in downticks on Monday. The total uptick to downtick ratio stood at 1.54. The net money flow into the stock was $3.12 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.95 million. An inflow of $1.06 million block trade was recorded on downticks. $4.02 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 3.77 in favor of the bulls. However, Black Hills Corporation (BKH) stock traded down $0.5 , and reached $58.86, a drop of -0.84% over the previous day. On a weekly basis, the stock is -3.54%, over the previous weeks close.


Black Hills Corporation has lost 0.99% in the last five trading days and dropped 6.29% in the last 4 weeks. Black Hills Corporation has dropped 2.16% during the last 3-month period . Year-to-Date the stock performance stands at 28.7%.

Black Hills Corporation (NYSE:BKH): The stock opened at $59.41 on Monday but the bulls could not build on the opening and the stock topped out at $59.70 for the day. The stock traded down to $58.79 during the day, due to lack of any buying support eventually closed down at $58.87 with a loss of -0.83% for the day. The stock had closed at $59.36 on the previous day. The total traded volume was 726,244 shares.

In a related news, Kinzley Richard, CFO of Black Hills Corp /Sd/ had purchased 1,087 shares on August 26, 2015 in a transaction. The price per share was $38.76 and the total amount of the disclosed transaction was $42,132.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments, and its Non-regulated Energy Group is comprised of Power Generation, Coal Mining, and Oil and Gas segments. It conducts its electric utility operations and combination electric and gas utility operations through three subsidiaries: Black Hills Power, Cheyenne Light, and Colorado Electric. Its Non-regulated Energy Group, which operates through various subsidiaries, produces and sells electric capacity and energy through a portfolio of generating plants, produces and sells coal from its mine located in the Powder River Basin in Wyoming and acquires, explores for, develops and produces natural gas and crude oil in the Rocky Mountain region.

Leave a Reply

Get Pre-Market Alerts!

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