Large Outflow of Money Witnessed in IDACORP

IDACORP (NYSE:IDA) managed to eke out gains of 0.53% in intraday trade. The share price increased by 0.4 points to $75.38. Till last observation, the net money flow was recorded at a negative $(-2.07) million. The total inflow of $4.87 million in upticks was completely overshadowed by an outflow of $6.94 million in downticks, giving the up/down ratio a value of 0.7. The shares have seen a change of 1.55% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $1.93 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-1.93) million.


Currently the company Insiders own 0.91% of IDACORP shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.49% . Institutional Investors own 75.38% of IDACORP shares. During last six month period, the net percent change held by insiders has seen a change of -16.36%. On the companys insider trading activities, The director, of Idacorp Inc, Keen J Lamont had unloaded 4,000 shares at $73.86 per share in a transaction on May 12, 2016. The total value of transaction was $295,440. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

IDACORP (NYSE:IDA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.42 points or 0.56% at $74.96 with 162,414 shares getting traded. Post opening the session at $75.44, the shares hit an intraday low of $74.85 and an intraday high of $75.94 and the price was in this range throughout the day. The company has a market cap of $3,779 million and the number of outstanding shares have been calculated to be 50,415,427 shares. The 52-week high of IDACORP (NYSE:IDA) is $75.94 and the 52-week low is $55.4.

IDACORP, Inc. (IDACORP) is a holding company. The Companys principal operating subsidiary is Idaho Power Company (Idaho Power), which is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. IDACORPs other subsidiaries include IDACORP Financial Services, Inc., Ida-West Energy Company and IDACORP Energy Services Co. Idaho Power is also engaged in the sale of electricity to retail and wholesale customers and the provision of transmission service. Idaho Power provides electric utility service to approximately 516,000 general business customers in southern Idaho and eastern Oregon. Idaho Power holds franchises in 71 cities in Idaho and nine cities in Oregon and holds certificates to serve all or a portion of 25 counties in Idaho and three counties in Oregon. Idaho Powers system consists of 17 hydroelectric generating plants, three natural gas-fired plants and three coal-fired steam electric generating plants.

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