Shares of Pacific Gas & Electric Co. (NYSE:PCG) Sees Large Outflow of Money

Pacific Gas & Electric Co. (NYSE:PCG): The stock had negative money flow to the tune of ($3.07 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $9.23 million, whereas, the outflow of money on downticks was $12.3 million and the ratio between the two was 0.75. The block trade had a negative net money flow of ($2.27 million). The total block trade value undertaken on upticks was $0.86 million. On the other hand, downticks amounted to $3.14 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.27. Pacific Gas & Electric Co. (NYSE:PCG) closed with marginal gains of 8 cents to end the day at $62.48, an increase of 0.13% over the previous days close. The stock recorded -0.29% for the week.


In an insider trading activity, Harvey Kent M, officer (SVP, Finance) of Pg&E Corp, unloaded 17,920 shares at an average price of $56.24 on March 4, 2016. The total amount of the transaction was worth $1,007,821, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.14% of Pacific Gas & Electric Co. shares according to the proxy statements. Institutional Investors own 81.79% of Pacific Gas & Electric Co. shares. During last six month period, the net percent change held by insiders has seen a change of -31.31%.

The company shares have rallied 26.37% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $63.43 and the one year low was seen on Sep 2, 2015. The 50-Day Moving Average price is $60.70 and the 200 Day Moving Average price is recorded at $57.36. Pacific Gas & Electric Co. (NYSE:PCG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.70 and $62.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.58, notching a gain of 0.29% for the day. The total traded volume was 4,018,737 . The stock had closed at $62.40 on the previous day.

PG&E Corporation is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utilitys operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers. The Utility provides natural gas transportation services to customers, which include small commercial and residential customers, and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utilitys gas system in its service territory.

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