NiSource Inc (NI) : During the past 4 weeks, traders have been relatively bearish on NiSource Inc (NI), hence the stock is down -6.6% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.53% relative to the S&P 500. The 4-week change in the price of the stock is -6.25% and the stock has fallen -1.56% in the past 1 week.
NiSource Inc. is up 4.02% in the last 3-month period. Year-to-Date the stock performance stands at 28.82%. The stock has recorded a 20-day Moving Average of 2.51% and the 50-Day Moving Average is 3.21%.
NiSource Inc (NYSE:NI): The stock opened at $24.71 on Friday but the bulls could not build on the opening and the stock topped out at $24.86 for the day. The stock traded down to $24.45 during the day, due to lack of any buying support eventually closed down at $24.62 with a loss of -1.48% for the day. The stock had closed at $24.99 on the previous day. The total traded volume was 10,423,741 shares.
Also, In the latest statement by the brokerage house, Credit Suisse downgrades its outlook on NiSource Inc (NYSE:NI). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm maintains the price target at $25 per share. The rating by the firm was issued on August 19, 2016.
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.