Shares of PPL Corporation (PPL) Sees Large Outflow of Money

PPL Corporation (PPL) : The value of composite uptick trades was $0.22 million, whereas, the value of composite downtick trades was $1.34 million. The uptick to downtick ratio stood at 0.17 with a negative money flow of ($1.12) Million during Tuesdays trading session. The block trades money flow was negative ($1.18 million). The transaction of the trades on downticks amounted to $1.18 million, which confirms investors selling on the strength of price. PPL Corporation (PPL) gained 2 cents at $35, an increase of 0.06% over the previous days close.


Also, Equity Analysts at the Guggenheim Securities downgrades the rating on PPL Corporation (NYSE:PPL). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 10, 2016.

PPL Corporation has lost 2.13% in the last five trading days and dropped 8.22% in the last 4 weeks. PPL Corporation has dropped 9.82% during the last 3-month period . Year-to-Date the stock performance stands at 3.19%.

PPL Corporation (NYSE:PPL): The stock opened at $34.96 on Tuesday but the bulls could not build on the opening and the stock topped out at $35.16 for the day. The stock traded down to $34.42 during the day, due to lack of any buying support eventually closed down at $34.51 with a loss of -1.34% for the day. The stock had closed at $34.98 on the previous day. The total traded volume was 5,063,494 shares.

In a related news,The officer (VP-IR and Treasurer) of Ppl Corp, Bergstein Joseph P Jr sold 1,581 shares at $37.06 on July 8, 2016. The Insider selling transaction had a total value worth of $58,592. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

PPL Corporation (PPL) is an energy and utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky; generates electricity from power plants in the northeastern, northwestern and southeastern United States, and markets wholesale or retail energy in the northeastern and northwestern parts of the United States. PPL operates in four segments: The U.K. Regulated Segment comprising PPL Global comprising WPD Ltds (WPD) regulated electricity distribution operations; Kentucky Regulated segment comprising the operations of LG&E and KU Energy LLC, which owns and operates regulated public utilities; the Pennsylvania Regulated segment comprising PPL Electric Utilities Corporations operations, and the Supply segment comprising the activities of PPL Energy Supply, LLCs subsidiaries.

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