Large Inflow of Money Detected in NiSource Inc

NiSource Inc (NI) : NiSource Inc (NI) had a healthy money flow of $6.91 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $13.45 million, whereas, investors only sold shares worth $6.53 million on downticks. The stock closed the day with an up-down ratio of 2.06.The money flow in the block trades to the tune of $7.64 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $7.64 million worth of transactions were on upticks. NiSource Inc (NI) stock slid $0.39 intraday and traded at 23.86, a change of -1.61% over previous days close. However, for the week, the company shares are -1.36% compared to previous weeks close.


Also, Equity analysts at the Brokerage firm Credit Suisse downgrades its rating on NiSource Inc (NYSE:NI). The rating major has initiated the coverage with underperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Credit Suisse maintains a current price target of $25 per share. The rating by the firm was issued on August 19, 2016.

NiSource Inc. has lost 3.4% in the last five trading days and dropped 7.56% in the last 4 weeks. NiSource Inc. has dropped 0.07% during the last 3-month period . Year-to-Date the stock performance stands at 24.85%.

NiSource Inc (NYSE:NI): The stock opened at $24.26 on Tuesday but the bulls could not build on the opening and the stock topped out at $24.40 for the day. The stock traded down to $23.82 during the day, due to lack of any buying support eventually closed down at $23.86 with a loss of -1.61% for the day. The stock had closed at $24.25 on the previous day. The total traded volume was 2,845,259 shares.

In a related news, The Securities and Exchange Commission has divulged that Levander Carl W, officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, had unloaded 6,000 shares at an average price of $22.39 in a transaction dated on March 7, 2016. The total value of the transaction was worth $134,340.

NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.

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