Large Inflow of Money Detected in Kinder Morgan

Kinder Morgan (KMI) : On Wednesday, The money flowed into the Kinder Morgan (KMI) stock with an uptick to downtick ratio was recorded at 1.05. Transactions worth $38.04 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $36.31 million. The total money flow into the stock was $1.73 million. The block trades reveal a bullish bias with an up-down ratio of 1.98. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $16.24 million of block transactions on upticks. The value of block trades on downticks was $8.19 million, indicating lower selling interest. The total money flow in block trades was $8.06 million. In terms of price action, Kinder Morgan (KMI) traded down $0.14 during the session at $21.81. Compared to the previous days closing, the stock was down only by -0.62%. For the week, the stock is 3.69%, over previous weeks closing.


Also, Bernstein initiates coverage on Kinder Morgan (NYSE:KMI). In the latest research report, Bernstein announces the target price to $20 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on May 11, 2016.

Kinder Morgan (NYSE:KMI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.81 and $21.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.09, notching a gain of 0.68% for the day. The total traded volume was 27,602,877 . The stock had closed at $21.94 on the previous day.

The stock has recorded a 20-day Moving Average of 15.16% and the 50-Day Moving Average is 20.93%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (V.P. Corporate Development) of Kinder Morgan, Inc., Sanders Dax, had purchased 3,000 shares in a transaction dated on February 1, 2016. The transaction was executed at $15.32 per share with total amount equaling $45,960.

Kinder Morgan, Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces, transports, and markets CO2. The Terminals segment includes the operations of its petroleum, chemical, ethanol and other liquids terminal facilities and all of its coal, petroleum coke, fertilizer, steel, ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products, crude oil and condensate, and NGL pipelines and associated terminals, Southeast terminals, and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system.

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