Large Inflow of Money Detected in Calpine Corporation

Calpine Corporation (CPN): $1.09 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 1.28. The value of trades done on upticks was $5.02 million, whereas, trades done on downticks were valued at $3.93 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.82 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.5 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 3.62 was strongly in favor of the bulls. The money flow in block trades was $1.32 million. Calpine Corporation (CPN) fell $0.02 traded at $12.71, a change of -0.16% over the previous day. The stock is -2.31% for the week.


Calpine Corp. has lost 3.28% in the last five trading days and dropped 15.15% in the last 4 weeks. Calpine Corp. has dropped 14.29% during the last 3-month period . Year-to-Date the stock performance stands at -12.51%.

Calpine Corporation (NYSE:CPN): The stock opened at $12.80 on Monday but the bulls could not build on the opening and the stock topped out at $12.85 for the day. The stock traded down to $12.62 during the day, due to lack of any buying support eventually closed down at $12.66 with a loss of -0.55% for the day. The stock had closed at $12.73 on the previous day. The total traded volume was 3,236,280 shares.

In a related news, The director, of Calpine Corp, Fusco Jack A had unloaded 54,600 shares at $15.02 per share in a transaction on July 12, 2016. The total value of transaction was $820,092. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others. Its segments are West (including geothermal), Texas and East (including Canada). The Companys portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines, which are primarily combined-cycle plants, and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines, as well as cogeneration power plants. It owns 88 power plants, including one under construction plant, with an aggregate generation capacity of 26,548 megawatt (MW) and 309 MW under construction.

Leave a Reply

Get Pre-Market Alerts!

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