Shares of Kinder Morgan (KMI) Sees Large Outflow of Money

Kinder Morgan (KMI) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.74 million) in Kinder Morgan (KMI). On Tuesday, The value of composite uptick trades was $17.67 million, whereas, the value of composite downtick trades was $19.42 million and the ratio between the two was 0.91, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.59 million. $3.33 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 2.1. The negative money flow of ($1.74 million) shows selling on strength. Kinder Morgan (KMI) gained $0.06 intraday at $21.83 and registrered 0.28% for the week.


Also, Morgan Stanley upgrades its view on Kinder Morgan (NYSE:KMI) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Equal-weight. Morgan Stanley raises the price target from $23 per share to $24 per share on Kinder Morgan . The rating by the firm was issued on August 18, 2016.

Kinder Morgan, Inc. has dropped 0.81% in the last five trading days, however, the shares have posted positive gains of 12.01% in the last 4 weeks. Kinder Morgan, Inc. is up 22.75% in the last 3-month period. Year-to-Date the stock performance stands at 50.1%.

Kinder Morgan (NYSE:KMI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.85 and $21.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.91, notching a gain of 0.64% for the day. The total traded volume was 9,114,724 . The stock had closed at $21.77 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (V.P. Corporate Development) of Kinder Morgan, Inc., Sanders Dax, had purchased 3,000 shares in a transaction dated on February 1, 2016. The transaction was executed at $15.32 per share with total amount equaling $45,960.

Kinder Morgan, Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces, transports, and markets CO2. The Terminals segment includes the operations of its petroleum, chemical, ethanol and other liquids terminal facilities and all of its coal, petroleum coke, fertilizer, steel, ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products, crude oil and condensate, and NGL pipelines and associated terminals, Southeast terminals, and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system.

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