Shares of NewJersey Resources Corporation (NJR) Sees Large Inflow of Net Money Flow

NewJersey Resources Corporation (NJR) : Tuesdays money flow data in NewJersey Resources Corporation (NJR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $2.43 million, whereas, $1.83 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.32, in favor of the bulls. The total money flow into the stock was $0.59 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.86 million. The total value of block trades done on upticks was $0.86 million. NewJersey Resources Corporation (NJR) fell $0.19 and traded at $38.03, down -0.5% for the day, over previous days close. On a weekly basis, the shares are -0.03% over the previous weeks close.


The company Insiders own 1.4% of NewJersey Resources Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -59.55% . Institutional Investors own 59.39% of NewJersey Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -23.33%. In an insider trading activity, The director, of New Jersey Resources Corp, Zoffinger George R had unloaded 9,743 shares at $35 per share in a transaction on May 17, 2016. The total value of transaction was $341,005. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

New Jersey Resources Corp. has dropped 1.99% in the last five trading days, however, the shares have posted positive gains of 2.74% in the last 4 weeks. New Jersey Resources Corp. is up 6.62% in the last 3-month period. Year-to-Date the stock performance stands at 16.45%.

NewJersey Resources Corporation (NYSE:NJR): On Tuesdays trading session , Opening price of the stock was $38.03 with an intraday high of $38.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.82. However, the stock managed to close at $37.87, a loss of 0.92% for the day. On the previous day, the stock had closed at $38.22. The total traded volume of the day was 636,405 shares.

New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream (formerly Energy Holdings). The Natural Gas Distribution segment consists of regulated energy and off-system, capacity and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale energy operations. Lastly, the Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities.

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