Large Inflow of Money Detected in Hawaiian Electric Industries

Hawaiian Electric Industries (HE) stock had a bullish inflow of $8.73 million worth of trades on uptick and an outflow of $3 million in downticks on Monday. The total uptick to downtick ratio stood at 2.91. The net money flow into the stock was $5.73 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 $6.4 million. $6.4 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Hawaiian Electric Industries (HE) stock traded down $0.47 , and reached $30.47, a drop of -1.52% over the previous day. On a weekly basis, the stock is -1.07%, over the previous weeks close.


Hawaiian Electric Industries Inc. has lost 0.72% in the last five trading days and dropped 6.19% in the last 4 weeks. Hawaiian Electric Industries Inc. has dropped 7.79% during the last 3-month period . Year-to-Date the stock performance stands at 7.39%.

Hawaiian Electric Industries (NYSE:HE): The stock opened at $30.90 on Monday but the bulls could not build on the opening and the stock topped out at $31.01 for the day. The stock traded down to $30.41 during the day, due to lack of any buying support eventually closed down at $30.47 with a loss of -1.52% for the day. The stock had closed at $30.94 on the previous day. The total traded volume was 772,677 shares.

In a related news, The Securities and Exchange Commission has divulged that Fargo Thomas B, director of Hawaiian Electric Industries Inc, had unloaded 7,000 shares at an average price of $30.6 in a transaction dated on August 10, 2016. The total value of the transaction was worth $214,200.

Hawaiian Electric Industries, Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its wholly owned subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Electric utility segment is involved in the business of generating, purchasing, transmitting, distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.

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