Calpine Corporation (CPN) : Traders are bullish on Calpine Corporation (CPN) as it has outperformed the S&P 500 by a wide margin of 0.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.31%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.83% in the last 1 week, and is up 4.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.08% and the 50-Day Moving Average is 1.66%.
Calpine Corporation (NYSE:CPN): The stock opened at $15.03 on Friday but the bulls could not build on the opening and the stock topped out at $15.08 for the day. The stock traded down to $14.86 during the day, due to lack of any buying support eventually closed down at $14.92 with a loss of -0.53% for the day. The stock had closed at $15.00 on the previous day. The total traded volume was 1,353,394 shares.
The company Insiders own 1.3% of Calpine Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -30.61% . Institutional Investors own 92.85% of Calpine Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -28.2%. In a related news, The director, of Calpine Corp, Fusco Jack A had unloaded 54,600 shares at $15.02 per share in a transaction on July 12, 2016. The total value of transaction was $820,092. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others. Its segments are West (including geothermal), Texas and East (including Canada). The Companys portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines, which are primarily combined-cycle plants, and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines, as well as cogeneration power plants. It owns 88 power plants, including one under construction plant, with an aggregate generation capacity of 26,548 megawatt (MW) and 309 MW under construction.