Pacific Gas & Electric Co. (PCG) : Money flow in the Pacific Gas & Electric Co. (PCG) stock was negative (4.6 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $25.03 million, compared to $29.63 million on downticks. The total uptick to downtick ratio was 0.84, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.78 million), indicating selling on the strength. The transaction value during uptick in block trades was $3.15 million. Downtick transaction value in block trades amounted to $8.93 million, indicating persistent selling. The uptick to downtick ratio was 0.35. Pacific Gas & Electric Co. (PCG) traded $0.85 higher at $65.01 gaining 1.32% over the previous days close.
Pacific Gas & Electric Co. (PCG) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $71 and the lowest price target forecast is $62. The average forecast of all the analysts is $67.93 and the expected standard deviation is $3.19.
Pacific Gas & Electric Co. (NYSE:PCG): stock turned positive on Friday. Though the stock opened at $64.19, the bulls momentum made the stock top out at $65.02 level for the day. The stock recorded a low of $63.84 and closed the trading day at $65.02, in the green by 1.34%. The total traded volume for the day was 2,921,903. The stock had closed at $64.16 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged that Harvey Kent M, officer (SVP, Finance) of Pg&E Corp, had unloaded 17,920 shares at an average price of $56.24 in a transaction dated on March 4, 2016. The total value of the transaction was worth $1,007,821.
PG&E Corporation is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utilitys operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers. The Utility provides natural gas transportation services to customers, which include small commercial and residential customers, and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utilitys gas system in its service territory.