Large Inflow of Money Detected in Calpine Corporation

Calpine Corporation (CPN) : $10.09 million worth of transactions were on upticks in Calpine Corporation (CPN), compared to $5.9 million on downticks. The ratio between the two was 1.71, whereas, the net money flow stood at a healthy $4.19 million on Wednesdays session.The block trades show a bullish bias with only $0.75 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $5.08million worth of trades. The up-down ratio between the uptick and downtick was 6.82, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $4.34 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.41%. The stock was trading at $14.43, with a drop of $0.06 over the previous days close. The stock recorded -3.28% for the week.


Also, SunTrust Robinson Humphrey maintains their rating on the shares of Calpine Corporation (NYSE:CPN). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $15 per share from $16 per share. The rating by the firm was issued on May 19, 2016.

Calpine Corporation (NYSE:CPN): The stock opened at $14.55 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.72 for the day. The stock traded down to $14.25 during the day, due to lack of any buying support eventually closed down at $14.43 with a loss of -0.41% for the day. The stock had closed at $14.49 on the previous day. The total traded volume was 3,895,896 shares.

The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 1.55%. In a related news, The director, of Calpine Corp, Fusco Jack A had unloaded 54,600 shares at $15.02 per share in a transaction on July 12, 2016. The total value of transaction was $820,092. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others. Its segments are West (including geothermal), Texas and East (including Canada). The Companys portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines, which are primarily combined-cycle plants, and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines, as well as cogeneration power plants. It owns 88 power plants, including one under construction plant, with an aggregate generation capacity of 26,548 megawatt (MW) and 309 MW under construction.

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