Shares of Piedmont Natural Gas Company (PNY) Sees Large Outflow of Money

Piedmont Natural Gas Company (PNY) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.74 million) in Piedmont Natural Gas Company (PNY). On Wednesday, The value of composite uptick trades was $0.2 million, whereas, the value of composite downtick trades was $0.94 million and the ratio between the two was 0.21, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.1 million. The negative money flow of ($0.1 million) shows selling on strength. Piedmont Natural Gas Company (PNY) gained $0.03 intraday at $59.81 and registrered 0.05% for the week.


Piedmont Natural Gas Company (NYSE:PNY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.78 and $59.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.83, notching a gain of 0.08% for the day. The total traded volume was 212,151 . The stock had closed at $59.78 on the previous day.

The stock has recorded a 20-day Moving Average of 0.02% and the 50-Day Moving Average is 0.15%. In a related news,The director of Piedmont Natural Gas Co Inc, Everett Malcolm E Iii sold 15,000 shares at $60.15 on June 10, 2016. The Insider selling transaction had a total value worth of $902,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Piedmont Natural Gas Company, Inc. is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are the Companys wholesale customers. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas storage and intrastate natural gas transportation. The Company operates in two segments: regulated utility and non-utility activities. The regulated utility segment is the gas distribution business, where it includes the operations of merchandising and its related service work and home warranty programs, with activities conducted by the utility. The non-utility activities segment consists of the Companys equity method investments in joint venture, energy-related businesses.

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