PPL Corporation (NYSE:PPL) has tumbled 0.71% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.85% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.48% and the outperformance has advanced to 1.91% for the last 4 weeks period.
PPL Corporation (NYSE:PPL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.94 and $38.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.04, notching a gain of 0.10% for the day. The total traded volume was 10,131,391 . The stock had closed at $39.00 on the previous day.
The company shares have rallied 27.54% from its 1 Year high price. On Jun 6, 2016, the shares registered one year high at $39.52 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $38.55 and the 200 Day Moving Average price is recorded at $36.25.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Spence William H, officer (Chairman, President and CEO) of Ppl Corp, had unloaded 63,445 shares at an average price of $37 in a transaction dated on February 3, 2016. The total value of the transaction was worth $2,347,465.
Currently the company Insiders own 0.42% of PPL Corporation shares according to the proxy statements. Institutional Investors own 71.78% of PPL Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -50.93%.
PPL Corporation (PPL) is an energy and utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky; generates electricity from power plants in the northeastern, northwestern and southeastern United States, and markets wholesale or retail energy in the northeastern and northwestern parts of the United States. PPL operates in four segments: The U.K. Regulated Segment comprising PPL Global comprising WPD Ltds (WPD) regulated electricity distribution operations; Kentucky Regulated segment comprising the operations of LG&E and KU Energy LLC, which owns and operates regulated public utilities; the Pennsylvania Regulated segment comprising PPL Electric Utilities Corporations operations, and the Supply segment comprising the activities of PPL Energy Supply, LLCs subsidiaries.