Shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) Sees Large Outflow of Money

Shares of Boardwalk Pipeline Partners L.P. (NYSE:BWP) traded 0.19 points or 1.06% higher at $18.12.The total intraday money flow for the shares came in at a disappointing $(-0.94) million. The total upticks amounted to $0.64 million and the total downticks were approximately $1.58 million, with the up/down ratio of 0.4. On a different note, the shares have seen 3.84% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $0.89 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-0.89) million.


The stock has recorded a 20-day Moving Average of 3.62% and the 50-Day Moving Average is 9.23%. The company shares have rallied 18.51% in the past 52 Weeks. On June 7, 2016 The shares registered one year high of $18.09 and one year low was seen on January 20, 2016 at $8.86. The 50-day moving average is $16.96 and the 200 day moving average is recorded at $13.84. S&P 500 has rallied 1.93% during the last 52-weeks.

Boardwalk Pipeline Partners L.P. (NYSE:BWP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.86 and $17.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.07, notching a gain of 0.78% for the day. The total traded volume was 1,085,172 . The stock had closed at $17.93 on the previous day.

Institutional Investors own 87.28% of Boardwalk Pipeline Partners L.P. shares. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Boardwalk Pipeline Partners, Lp, Siegel Kenneth I, had purchased 20,000 shares in a transaction dated on August 25, 2015. The transaction was executed at $12.91 per share with total amount equaling $258,200.

Boardwalk Pipeline Partners, LP is a limited partnership company. The Companys business is conducted by its primary subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines) and its subsidiaries Gulf Crossing Pipeline Company LLC, Gulf South Pipeline Company, LP, Texas Gas Transmission, LLC, Boardwalk Field Services, LLC, Petal Gas Storage, L.L.C, Boardwalk Louisiana Midstream, LLC and Boardwalk Storage Company, LLC. The Companys business includes integrated natural gas and natural gas liquids (NGLs) pipeline and storage systems and natural gas gathering and processing. The Companys pipeline systems originate in the Gulf Coast region, Oklahoma and Arkansas and extend north and east to the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio. It serves a mix of customers, including producers of natural gas, local distribution companies (LDCs), marketers, electric power generators, industrial users, and interstate and intrastate pipelines.

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