Calpine Corporation (NYSE:CPN) has tumbled 1.86% during the past week and has dropped 4.75% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.68%. Calpine Corporation (NYSE:CPN) has underperformed the index by 5.62% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Calpine Corporation (NYSE:CPN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.81 and $13.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.24, notching a gain of 3.56% for the day. The total traded volume was 3,710,353 . The stock had closed at $13.75 on the previous day.
The company shares have dropped -26.03% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $19.73 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $14.89 and the 200 Day Moving Average price is recorded at $14.30.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Fusco Jack A, director of Calpine Corp, had unloaded 68,000 shares at an average price of $15.76 in a transaction dated on June 6, 2016. The total value of the transaction was worth $1,071,680.
Many analysts have stated their opinion on the company shares. Major Brokerage house, SunTrust Robinson Humphrey maintains its ratings on Calpine Corporation (NYSE:CPN). In the latest research report, SunTrust Robinson Humphrey lowers the target price from $16 per share to $15 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 19, 2016. Currently the company Insiders own 1.3% of Calpine Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.03% . Institutional Investors own 92.87% of Calpine Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.8%.
Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others. Its segments are West (including geothermal), Texas and East (including Canada). The Companys portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines, which are primarily combined-cycle plants, and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines, as well as cogeneration power plants. It owns 88 power plants, including one under construction plant, with an aggregate generation capacity of 26,548 megawatt (MW) and 309 MW under construction.