Dynegy (NYSE:DYN) has tumbled 7.39% during the past week and has dropped 9.71% 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 6.28%. Dynegy (NYSE:DYN) has underperformed the index by 10.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Dynegy (NYSE:DYN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.03 and $16.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.92, notching a gain of 5.55% for the day. The total traded volume was 12,803,992 . The stock had closed at $16.03 on the previous day.
The company shares have dropped -49.40% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $33.72 and the one year low was seen on Feb 23, 2016. The 50-Day Moving Average price is $18.61 and the 200 Day Moving Average price is recorded at $13.98.
On the companys insider trading activities, Flexon Robert C, CEO of Dynegy Inc., executed a transaction worth $100,800 on March 1, 2016. A total of 10,000 shares were purchased at an average price of $10.08. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup downgrades its ratings on Dynegy (NYSE:DYN). In the latest research report, Citigroup raises the target price from $20 per share to $21 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 1.5% of Dynegy shares according to the proxy statements. Institutional Investors own 99.41% of Dynegy shares. During last six month period, the net percent change held by insiders has seen a change of 2.34%.