SunPower Corporation (SPWR) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $3.42 million worth of transactions were on upticks, whereas, the downticks accounted for $2.49 million worth of transactions. The net money flow was a positive $0.93 million and the uptick to downtick ratio was 1.37. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 0.55 in their favor. The net money flow into the stock was $-0.2 million. The value of block trades done on downticks was only $0.45 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.24 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. SunPower Corporation (SPWR) was trading at $10.72, down $0.13 during day. The stock slid -1.2% over the previous days close. For the week, the stock recorded -29.1% over the previous weeks close.
SunPower Corporation has lost 29.61% in the last five trading days and dropped 29.61% in the last 4 weeks. SunPower Corporation has dropped 35.59% during the last 3-month period . Year-to-Date the stock performance stands at -64.11%.
SunPower Corporation (NASDAQ:SPWR): The stock opened at $10.81 on Monday but the bulls could not build on the opening and the stock topped out at $10.82 for the day. The stock traded down to $10.56 during the day, due to lack of any buying support eventually closed down at $10.77 with a loss of -0.74% for the day. The stock had closed at $10.85 on the previous day. The total traded volume was 3,251,329 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP and Prin Acct Off) of Sunpower Corp, Branderiz Eric had sold 6,365 shares worth of $159,125 in a transaction dated March 18, 2016. In this transaction, 6,365 shares were sold at $25 per share.
SunPower Corporation (SunPower) is a global energy company. The Company provides design, manufacturing, installation, ongoing maintenance and monitoring and adjacent services. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: the Americas Segment, the EMEA Segment and the APAC Segment. The Company offers solar power components, solar power systems and residential leases. The Company sells panels and balance of system components, primarily to dealers, system integrators and distributors. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Company offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.