Large Inflow of Money Witnessed in Scana Corporation

Scana Corporation (NYSE:SCG) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $5.07 million worth of transactions were on upticks, whereas, the downticks accounted for $4.69 million worth of transactions. The net money flow was a positive $0.38 million and the uptick to downtick ratio was 1.08. The net money flow into the stock was $0.01 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.01 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Scana Corporation (NYSE:SCG) was trading at $73.91, down $0.03 during day. The stock slid -0.04% over the previous days close. For the week, the stock recorded 2.31% over the previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Harris Don Russell, officer (SCANA Senior VP/SCEG President) of Scana Corp, had unloaded 2,500 shares at an average price of $65.27 in a transaction dated on February 26, 2016. The total value of the transaction was worth $163,175. Currently the company Insiders own 0.4% of Scana Corporation shares according to the proxy statements. Institutional Investors own 66.08% of Scana Corporation shares.

The company shares have rallied 44.70% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $73.94 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $70.52 and the 200 Day Moving Average price is recorded at $66.66. Scana Corporation (NYSE:SCG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.30 and $73.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.96, notching a gain of 0.03% for the day. The total traded volume was 809,319 . The stock had closed at $73.94 on the previous day.

SCANA Corporation is a holding company. SCANA, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through other wholly owned non-regulated subsidiaries, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast, and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations, Gas Distribution, Retail Gas Marketing and All Other. Electric Operations primarily generates, transmits and distributes electricity. Gas Distribution purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers and municipalities. All Other comprises the holding company and its subsidiaries.

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