Shares of Duke Energy Corporation (DUK) Sees Large Outflow of Money

Duke Energy Corporation (DUK) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.14 million) in Duke Energy Corporation (DUK). On Tuesday, The value of composite uptick trades was $0.68 million, whereas, the value of composite downtick trades was $2.82 million and the ratio between the two was 0.24, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.54 million. The negative money flow of ($1.54 million) shows selling on strength. Duke Energy Corporation (DUK) gained $0.04 intraday at $80.48 and registrered 0.05% for the week.


Also, Brokerage firm SunTrust Robinson Humphrey maintains its rating on Duke Energy Corporation (NYSE:DUK). As per the latest information, the brokerage house lowers the price target to $86 per share from a prior target of $87. The shares have been rated Neutral. The rating by the firm was issued on August 1, 2016.

Duke Energy Corporation has lost 2.37% in the last five trading days and dropped 6.21% in the last 4 weeks. Duke Energy Corporation is up 1.66% in the last 3-month period. Year-to-Date the stock performance stands at 14.9%.

Duke Energy Corporation (NYSE:DUK): The stock opened at $80.40 on Tuesday but the bulls could not build on the opening and the stock topped out at $80.79 for the day. The stock traded down to $79.40 during the day, due to lack of any buying support eventually closed down at $79.52 with a loss of -1.14% for the day. The stock had closed at $80.44 on the previous day. The total traded volume was 3,101,032 shares.

In a related news, The Securities and Exchange Commission has divulged that Esamann Douglas F, officer (EVP & Pres Midwest & Florida) of Duke Energy Corp, had unloaded 3,000 shares at an average price of $84.58 in a transaction dated on August 9, 2016. The total value of the transaction was worth $253,740.

Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities, International Energy and Commercial Power. The Companys Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Companys International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power, natural gas, and natural gas liquids outside the United States. The Companys Commercial Power builds, develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.

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