Encana Corporation (ECA) : Tuesdays money flow analysis of Encana Corporation (ECA) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $20.18 million. In comparison, the inflow of money on upticks was a meager $14.3 million. The dollar value of composite uptick trades minus the downtick trades was negative $5.88 million. The uptick to downtick ratio of 0.71 in the money flow shows weakness. The uptick block trades were valued at $7.15 million. The downtick transaction value was high at $12.86 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.56. Hence, the net money flow in the stock was negative ($5.71 million). Encana Corporation (ECA) gained $0.49 at $8.11, a change of 6.43% over the previous days close.
The company Insiders own 0.26% of Encana Corporation shares according to the proxy statements. Institutional Investors own 62.84% of Encana Corporation shares.
Shares of Encana Corporation rose by 6.31% in the last five trading days and 0.68% for the last 4 weeks. Encana Corporation is up 17.13% in the last 3-month period. Year-to-Date the stock performance stands at 59.69%.
Encana Corporation (NYSE:ECA): stock turned positive on Tuesday. Though the stock opened at $7.83, the bulls momentum made the stock top out at $8.22 level for the day. The stock recorded a low of $7.81 and closed the trading day at $8.09, in the green by 6.17%. The total traded volume for the day was 17,225,427. The stock had closed at $7.62 in the previous days trading.
Encana Corporation is engaged in the business of the exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company operates through three business segments: Canadian Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada; USA Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization, which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments, product type, delivery points and customer diversification. Market Optimization sells all of the Companys upstream production to third-party customers. Its growth assets include Permian; Tuscaloosa Marine Shale; Eagle Ford; Montney; Duvernay; DJ Basin, and San Juan.