Shares of Spark Energy (SPKE) Sees Large Inflow of Net Money Flow

Spark Energy (SPKE) : Spark Energy (SPKE) had a healthy money flow of $0.32 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $0.55 million, whereas, investors only sold shares worth $0.23 million on downticks. The stock closed the day with an up-down ratio of 2.37.The money flow in the block trades to the tune of $0.1 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.1 million worth of transactions were on upticks. Spark Energy (SPKE) stock slid $0.5 intraday and traded at 28.13, a change of -1.75% over previous days close. However, for the week, the company shares are -13.79% compared to previous weeks close.


The company Insiders own 63% of Spark Energy shares according to the proxy statements. Institutional Investors own 24.01% of Spark Energy shares. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director 10% owner of Spark Energy, Inc., Maxwell W Keith Iii had sold 63,720 shares worth of $1,968,311 in a transaction dated May 10, 2016. In this transaction, 63,720 shares were sold at $30.89 per share.

Spark Energy, Inc. has lost 12.54% in the last five trading days and dropped 16.72% in the last 4 weeks. Spark Energy, Inc. is up 38.45% in the last 3-month period. Year-to-Date the stock performance stands at 41.66%.

Spark Energy (NASDAQ:SPKE): On Tuesdays trading session , Opening price of the stock was $28.83 with an intraday high of $29.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.57. However, the stock managed to close at $28.59, a loss of 0.14% for the day. On the previous day, the stock had closed at $28.63. The total traded volume of the day was 421,003 shares.

Spark Energy, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative choice for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. Retail Natural Gas segment purchases natural gas supply through physical and financial transactions with market counterparts and supply natural gas to residential and commercial consumers. The Retail Electricity segment purchases electricity supply through physical and financial transactions with market counterparts and independent system operators (ISOs) and supply electricity to residential and commercial consumers. As of December 31, 2014, it operated in 46 utility service territories across 16 states and had approximately 303,000 residential customers and 15,000 commercial customers.

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