Shares of Spectra Energy Corp (NYSE:SE) Sees Large Outflow of Money

Spectra Energy Corp (NYSE:SE) managed to eke out gains of 0.74% in intraday trade. The share price increased by 0.25 points to $34.22. Till last observation, the net money flow was recorded at a negative $(-2.41) million. The total inflow of $2.99 million in upticks was completely overshadowed by an outflow of $5.4 million in downticks, giving the up/down ratio a value of 0.55. The shares have seen a change of 0.94% 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 $3.11 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-3.11) million.


The stock has recorded a 20-day Moving Average of 5.91% and the 50-Day Moving Average is 10.18%. The company shares have rallied 1.71% in the past 52 Weeks. On June 20, 2016 The shares registered one year high of $34.37 and one year low was seen on December 8, 2015 at $21.43. The 50-day moving average is $31.99 and the 200 day moving average is recorded at $28.84. S&P 500 has rallied 1.93% during the last 52-weeks.

Spectra Energy Corp (NYSE:SE): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.90 and $33.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.64, notching a gain of 1.97% for the day. The total traded volume was 5,244,155 . The stock had closed at $33.97 on the previous day.

Currently the company Insiders own 0.22% of Spectra Energy Corp shares according to the proxy statements. Institutional Investors own 68.1% of Spectra Energy Corp shares. On the companys insider trading activities, The officer (Chief Development Officer), of Spectra Energy Corp., Buckley Guy G. had unloaded 21,100 shares at $29.41 per share in a transaction on March 2, 2016. The total value of transaction was $620,551. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.

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