Large Inflow of Money Detected in Spectra Energy Corp

Spectra Energy Corp (SE) : On Monday, The money flowed into the Spectra Energy Corp (SE) stock with an uptick to downtick ratio was recorded at 1.51. Transactions worth $21.12 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $14.03 million. The total money flow into the stock was $7.09 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.97 million of block transactions on upticks. The total money flow in block trades was $5.97 million. In terms of price action, Spectra Energy Corp (SE) traded down $0.29 during the session at $36.07. Compared to the previous days closing, the stock was down only by -0.8%. For the week, the stock is -1.42%, over previous weeks closing.


Spectra Energy Corp. has lost 0.55% in the last five trading days and dropped 1.55% in the last 4 weeks. Spectra Energy Corp. is up 16.06% in the last 3-month period. Year-to-Date the stock performance stands at 56.54%.

Spectra Energy Corp (NYSE:SE): The stock opened at $36.43 on Monday but the bulls could not build on the opening and the stock topped out at $36.65 for the day. The stock traded down to $36.05 during the day, due to lack of any buying support eventually closed down at $36.07 with a loss of -0.80% for the day. The stock had closed at $36.36 on the previous day. The total traded volume was 3,114,026 shares.

In a related news, Ables Dorothy M, officer (Chief Administrative Officer) of Spectra Energy Corp., unloaded 33,400 shares at an average price of $36.25 on August 9, 2016. The total amount of the transaction was worth $1,210,750, according to the disclosed information 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.

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