NiSource Inc (NI) has risen sharply, recording gains of 3.33% in the past 4 weeks. However, the stock has corrected -0.11% in the past 1 week, providing a good buying opportunity on dips. NiSource Inc (NI) : During the past 4 weeks, traders have been relatively bearish on NiSource Inc (NI), hence the stock is down -1% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.59% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.09% and the 50-Day Moving Average is 5.26%.
NiSource Inc (NYSE:NI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.05 and $25.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.10, notching a gain of 0.35% for the day. The total traded volume was 1,596,559 . The stock had closed at $26.01 on the previous day.
The company Insiders own 0.32% of NiSource Inc shares according to the proxy statements. Institutional Investors own 82.4% of NiSource Inc shares. During last six month period, the net percent change held by insiders has seen a change of -10.85%. In a related news, The Securities and Exchange Commission has divulged that Levander Carl W, officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, had unloaded 6,000 shares at an average price of $22.39 in a transaction dated on March 7, 2016. The total value of the transaction was worth $134,340.
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.