Large Outflow of Money Witnessed in ITC Holdings

ITC Holdings (ITC) : The total money flow in ITC Holdings (ITC) was negative ($8.34 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $11.35 million. Transactions on upticks were comparatively lower at $3.01 million. The uptick to downtick ratio was 0.26. The total block trades on downticks were valued at $8.71 million. The money flow during block trades was negative ($8.71 million) when the stock traded with a gain of $27 cent. ITC Holdings (ITC) was $46.59, an increase of 0.58% over the previous days close.


ITC Holdings (ITC) : The highest short term price target forecast on ITC Holdings (ITC) is $45 and the lowest target price is $37. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $41 with a standard deviation of $4.62.

ITC Holdings (NYSE:ITC): stock turned positive on Friday. Though the stock opened at $46.33, the bulls momentum made the stock top out at $46.66 level for the day. The stock recorded a low of $46.29 and closed the trading day at $46.59, in the green by 0.58%. The total traded volume for the day was 639,566. The stock had closed at $46.32 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Mason Soneral Christine, officer (SVP & General Counsel) of Itc Holdings Corp., had unloaded 8,616 shares at an average price of $44.54 in a transaction dated on May 27, 2016. The total value of the transaction was worth $383,757.

ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.

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