Large Inflow of Money Detected in NewJersey Resources Corporation

NewJersey Resources Corporation (NJR) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $0.18 million worth of transactions were on upticks, whereas, the downticks accounted for $0.01 million worth of transactions. The net money flow was a positive $0.17 million and the uptick to downtick ratio was 17.87. The net money flow into the stock was $0 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. NewJersey Resources Corporation (NJR) was trading at $35.01, down $0.01 during day. The stock slid -0.03% over the previous days close. For the week, the stock recorded -1.63% over the previous weeks close.


New Jersey Resources Corp. has lost 2.83% in the last five trading days and dropped 8.79% in the last 4 weeks. New Jersey Resources Corp. has dropped 5.38% during the last 3-month period . Year-to-Date the stock performance stands at 5.6%.

NewJersey Resources Corporation (NYSE:NJR): The stock opened at $35.09 on Monday but the bulls could not build on the opening and the stock topped out at $35.17 for the day. The stock traded down to $34.21 during the day, due to lack of any buying support eventually closed down at $34.34 with a loss of -1.94% for the day. The stock had closed at $35.02 on the previous day. The total traded volume was 426,199 shares.

In a related news,The director of New Jersey Resources Corp, Zoffinger George R sold 9,743 shares at $35 on May 17, 2016. The Insider selling transaction had a total value worth of $341,005. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream (formerly Energy Holdings). The Natural Gas Distribution segment consists of regulated energy and off-system, capacity and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale energy operations. Lastly, the Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities.

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