Shares of Columbia Pipeline Group (NYSE:CPGX) Sees Large Outflow of Money

Columbia Pipeline Group (NYSE:CPGX) surged 0.04% during the last session. The last traded price was up 0.01 points at $25.47. The data for the fund flow suggests that the net intraday money flow was $(-6.5) million. The fund value in upticks was recorded to be $34.5 million and in downticks, it was found to be $41 million. The up/down ratio for the day was measured to be 0.84. For the week, the shares have seen a percentage change of 0.08%.A block trade of $(-6.52) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $24.3 million and that of downticks was $30.82 million. The block tradeoff had the up/down ratio of 0.79.


The stock has recorded a 20-day Moving Average of 0.15% and the 50-Day Moving Average is 0.04%.

Columbia Pipeline Group (NYSE:CPGX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.47 and $25.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.48, notching a gain of 0.08% for the day. The total traded volume was 14,060,588 . The stock had closed at $25.46 on the previous day.

Institutional Investors own 81.77% of Columbia Pipeline Group shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer of Columbia Pipeline Group, Inc., Smith Robert Edgar had purchased shares worth of $58,300 in a transaction dated on September 11, 2015. A total of 2,500 shares were purchased at a price of $23.32 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Columbia Pipeline Group, Inc. (CPG) owns and operates natural gas pipelines, integrated with the underground storage systems in North America. The Company offers a range of services to local gas distribution companies and users of natural gas. The Companys systems connect the natural gas supplies with nations energy markets, serving customers in over 16 states from the Gulf Coast to the Midwest, Mid-Atlantic and Northeast. The Company provides approximately 1.3 trillion cubic feet of natural gas through its pipeline and storage systems each year, providing energy for millions of homes, businesses and industries. The Companys projects include Leach XPress Project, Modernization Program, Utica Access Project, East Side Expansion project, WB XPress Project, Cameron Access Project, Hanover Replacement Project, Tri-County Bare Steel Replacement Project, Line 1570 Project, E-Systems Project, Line MB Extension, East Side Expansion Project, Utica Access Project and Line WB2VA.

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