Shares of Spectra Energy Corp (SE) Sees Large Inflow of Net Money Flow

Spectra Energy Corp (SE) : Fridays money flow indicated an uptick to downtick ratio was at 1.27. The total value of inflow transactions on upticks was $7.91 million, whereas, the total value of outflow trades on downticks was $6.24 million. The total money flow was $1.67 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.47 million. The total value of the trades done on upticks was $1.47 million. Spectra Energy Corp (SE) was trading with a -0.19% change over previous days close. It fell $0.07 during the day and reached $36.34. The stock was -1.92% compared to the previous weeks close.


Spectra Energy Corp (SE) : The consensus price target for Spectra Energy Corp (SE) is $33.67 for the short term with a standard deviation of $3.32. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $30.

Spectra Energy Corp (NYSE:SE): stock turned positive on Friday. Though the stock opened at $36.54, the bulls momentum made the stock top out at $36.78 level for the day. The stock recorded a low of $36.33 and closed the trading day at $36.58, in the green by 0.47%. The total traded volume for the day was 2,213,058. The stock had closed at $36.41 in the previous days trading.

In a related news,The officer (Chief Development Officer) of Spectra Energy Corp., Buckley Guy G. sold 21,100 shares at $29.41 on March 2, 2016. The Insider selling transaction had a total value worth of $620,551. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.