WEC Energy Group (WEC) : Tuesdays money flow data in WEC Energy Group (WEC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $38.76 million, whereas, $11.98 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 3.24, in favor of the bulls. The total money flow into the stock was $26.78 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $27.57 million. The total value of block trades done on upticks was $28.49 million. The value of bearish trades on downticks was only $0.92 million.The up/down ratio in the block trades was a healthy 31.09 in favor of the bulls, suggesting strong buying in the stock by large traders. WEC Energy Group (WEC) fell $0.78 and traded at $59.56, down -1.29% for the day, over previous days close. On a weekly basis, the shares are -0.2% over the previous weeks close.
WEC Energy Group, Inc. has lost 2.7% in the last five trading days and dropped 7.74% in the last 4 weeks. WEC Energy Group, Inc. has dropped 0.69% during the last 3-month period . Year-to-Date the stock performance stands at 19%.
WEC Energy Group (NYSE:WEC): The stock opened at $60.30 on Tuesday but the bulls could not build on the opening and the stock topped out at $60.65 for the day. The stock traded down to $59.47 during the day, due to lack of any buying support eventually closed down at $59.56 with a loss of -1.29% for the day. The stock had closed at $60.34 on the previous day. The total traded volume was 1,780,916 shares.
In a related news, The Securities and Exchange Commission has divulged that Garvin Robert M, officer (Exec Vice President – Ext Affs) of Wec Energy Group, Inc., had unloaded 19,225 shares at an average price of $61.62 in a transaction dated on August 18, 2016. The total value of the transaction was worth $1,184,645.
WEC Energy Group,Inc., formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas, operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power, which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries, Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities and Minnesota Energy Resources, among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas), W.E. Power, LLC (We Power), Integrys Energy Group, Inc. and Integrys Holding, Inc., among others.