American Midstream Partners LP (AMID) : The value of composite uptick trades was $1.85 million, whereas, the value of composite downtick trades was $32.46 million. The uptick to downtick ratio stood at 0.06 with a negative money flow of ($30.62) Million during Tuesdays trading session. The block trades money flow was negative ($30.64 million). The transaction of the trades on downticks amounted to $30.64 million, which confirms investors selling on the strength of price. American Midstream Partners LP (AMID) gained 100 cents at $13.1, an increase of 8.26% over the previous days close.
Also, RBC Capital initiates coverage on American Midstream Partners LP (NYSE:AMID) The current rating of the shares is Outperform. The rating by the firm was issued on August 19, 2016.
Shares of American Midstream Partners, LP rose by 8.89% in the last five trading days and 19.42% for the last 4 weeks. American Midstream Partners, LP is up 9.58% in the last 3-month period. Year-to-Date the stock performance stands at 84.22%.
American Midstream Partners LP (NYSE:AMID): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.01 and $11.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.10, notching a gain of 8.26% for the day. The total traded volume was 3,068,336 . The stock had closed at $12.10 on the previous day.
In a related news, Tywoniuk Gerald A, director of American Midstream Partners, Lp, had purchased 2,000 shares on December 23, 2015. The total value of the transaction was $13,980. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
American Midstream Partners, LP owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The Company gathers, treats, processes and transports natural gas, fractionates natural gas liquids (NGLs) and stores specialty chemical products through its ownership and operation of 12 gathering systems, five processing facilities, three fractionation facilities, three interstate pipelines, five intrastate pipelines and four marine terminal sites. The Company operates through three segments: Gathering and Processing, Transmission and Terminals. The Gathering and Processing segment gathers, processes, transports and treats natural gas. The Transmission segment transports natural gas. The Terminals segment provides above-ground storage services at the Companys marine terminals that support commodity brokers, refiners and chemical manufacturers, to store a range of products, including petroleum products, distillates, chemicals and agricultural products.