Shares of South Jersey Industries (SJI) Sees Large Inflow of Net Money Flow

South Jersey Industries (SJI) : The money flow analysis of South Jersey Industries (SJI) indicates a $1.94 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $2.6 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.34 and so was the total money flow at $0.66 million. A solid up-down ratio of 2.29 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $1.09 million worth of block trades on upticks. Only $0.47 million worth of the stock exchanged hands on downticks. The money flow was $0.61 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of South Jersey Industries (SJI), pushing it down by -0.35% for the day. The stock slid $0.11 and traded at $31.74 during the day. Nonetheless, the stock is 0.38% over the previous weeks close.


The company Insiders own 0.74% of South Jersey Industries shares according to the proxy statements. Institutional Investors own 56.55% of South Jersey Industries shares. During last six month period, the net percent change held by insiders has seen a change of -12.46%. In an insider trading activity, The Securities and Exchange Commission has divulged that Clark Stephen H, officer (SVP, Chief Financial Officer) of South Jersey Industries Inc, had unloaded 2,000 shares at an average price of $27.8 in a transaction dated on March 28, 2016. The total value of the transaction was worth $55,600.

South Jersey Industries, Inc. has dropped 0.98% in the last five trading days, however, the shares have posted positive gains of 4.65% in the last 4 weeks. South Jersey Industries, Inc. is up 14.7% in the last 3-month period. Year-to-Date the stock performance stands at 36.37%.

South Jersey Industries (NYSE:SJI): On Tuesdays trading session , Opening price of the stock was $31.7 with an intraday high of $31.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.44. However, the stock managed to close at $31.48, a loss of 1.16% for the day. On the previous day, the stock had closed at $31.85. The total traded volume of the day was 425,056 shares.

South Jersey Industries, Inc. (SJI) is an energy services holding company. The Company provides energy-related products and services through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC, Marina Energy LLC (Marina), South Jersey Energy Service Plus, LLC and SJI Midstream, LLC. It operates in several operating segments: Gas utility operations consist of natural gas distribution; Wholesale energy operations include the activities of SJRG and SJEX; SJE is involved in retail gas and retail electric activities; Retail gas and other operations include natural gas acquisition and transportation services; Retail electric operations consist of electricity acquisition and transportation; On-site energy production consists of Marinas thermal energy facility and Appliance service operations include SJESPs servicing of appliances.

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