Large Inflow of Money Detected in Spectra Energy Partners LP

Spectra Energy Partners LP (SEP) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $2.76 million worth of transactions were on upticks, whereas, the downticks accounted for $1.99 million worth of transactions. The net money flow was a positive $0.76 million and the uptick to downtick ratio was 1.38. The net money flow into the stock was $0.6 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.6 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Spectra Energy Partners LP (SEP) was trading at $46.43, down $0.22 during day. The stock slid -0.47% over the previous days close. For the week, the stock recorded -4.17% over the previous weeks close.


Spectra Energy Partners, LP has dropped 2.66% in the last five trading days, however, the shares have posted positive gains of 0.79% in the last 4 weeks. Spectra Energy Partners, LP is up 2.62% in the last 3-month period. Year-to-Date the stock performance stands at 1.62%.

Spectra Energy Partners LP (NYSE:SEP): The stock opened at $47.07 on Monday but the bulls could not build on the opening and the stock topped out at $47.23 for the day. The stock traded down to $45.98 during the day, due to lack of any buying support eventually closed down at $46.44 with a loss of -0.45% for the day. The stock had closed at $46.65 on the previous day. The total traded volume was 417,577 shares.

In a related news, Woodward J D, director of Spectra Energy Partners, Lp had purchased 1,500 shares on December 4, 2015 in a transaction. The price per share was $39.3 and the total amount of the disclosed transaction was $58,950.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.

Spectra Energy Partners, LP is engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil, and the transportation of natural gas liquids (NGLs. The Company owns and operates natural gas transmission, gathering and storage assets, and crude oil transportation and storage assets, in central, southern and eastern United States, as well as western Canada. The Company operates two segments: U.S. Transmission, and Liquids. The Companys U.S. Transmission business provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The Companys Liquids business provides transportation and storage of crude oil and transportation of NGLs for customers in central and southern United States and Canada.

Leave a Reply

Get Pre-Market Alerts!

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