Large Outflow of Money Witnessed in NiSource Inc

NiSource Inc (NI) : The total negative money flow of $0.52 million on Friday indicates selling on strength. The inflow of money on upticks was $0.22 million, compared to $0.74 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.3. The negative money flow of $0.53 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.53 million. The price action in the NiSource Inc (NI) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $26.01 with a gain of $0.08 , a change of 0.31% over the previous days close. The stock registered -0.34% for the week.


NiSource Inc (NI) : The highest level NiSource Inc (NI) is projected to reach is $27 for the short term and the lowest estimate is at $22. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $24.5 and the possibility the share price can swing is $2.07.

NiSource Inc (NYSE:NI): stock turned positive on Friday. Though the stock opened at $25.89, the bulls momentum made the stock top out at $26.29 level for the day. The stock recorded a low of $25.85 and closed the trading day at $26.26, in the green by 1.27%. The total traded volume for the day was 1,807,592. The stock had closed at $25.93 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, Levander Carl W had sold 6,000 shares worth of $134,340 in a transaction dated March 7, 2016. In this transaction, 6,000 shares were sold at $22.39 per share.

NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.

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