Large Outflow of Money Witnessed in ITC Holdings

ITC Holdings (ITC) : The total money flow in ITC Holdings (ITC) was negative ($6.63 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $17.97 million. In comparison, the inflow of money into the stock on upticks was $11.33 million. The uptick to downtick ratio was 0.63. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $14.12 million. The value of transactions on uptick was $7.04 million. The negative money flow of ($7.08 million) confirms the selling in ITC Holdings (ITC) on strength. The uptick to downtick ratio of block trades was 0.5. ITC Holdings (ITC) gained $0.03 at $46.9, a gain of 0.06% over the previous days close. However, the stock registered 0.26% in the week.


The company Insiders own 3.2% of ITC Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 3% . Institutional Investors own 83.89% of ITC Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 4.72%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & General Counsel) of Itc Holdings Corp., Mason Soneral Christine had sold 8,616 shares worth of $383,757 in a transaction dated May 27, 2016. In this transaction, 8,616 shares were sold at $44.54 per share.

ITC Holdings Corp. has dropped 0.11% in the last five trading days, however, the shares have posted positive gains of 2.58% in the last 4 weeks. ITC Holdings Corp. is up 9.58% in the last 3-month period. Year-to-Date the stock performance stands at 20.6%.

ITC Holdings (NYSE:ITC): stock turned positive on Tuesday. Though the stock opened at $46.79, the bulls momentum made the stock top out at $47.26 level for the day. The stock recorded a low of $46.695 and closed the trading day at $46.92, in the green by 0.11%. The total traded volume for the day was 1,049,381. The stock had closed at $46.87 in the previous days trading.

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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