Shares of Hawaiian Electric Industries (HE) Sees Large Outflow of Money

Hawaiian Electric Industries (HE) : The total money flow in Hawaiian Electric Industries (HE) was negative ($5.5 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $8.42 million. Transactions on upticks were comparatively lower at $2.91 million. The uptick to downtick ratio was 0.35. The total block trades on downticks were valued at $5.89 million. The money flow during block trades was negative ($5.89 million) when the stock traded with a gain of $5 cent. Hawaiian Electric Industries (HE) was $32.2, an increase of 0.16% over the previous days close.


The stock has recorded a 20-day Moving Average of 3.36% and the 50-Day Moving Average is 2.61%. Shares have rallied 5.57% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $34.98 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $33.25 and the 200 Day Moving Average price is recorded at $31.46.

Hawaiian Electric Industries (NYSE:HE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.21 and $31.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.20, notching a gain of 0.16% for the day. The total traded volume was 616,768 . The stock had closed at $32.15 on the previous day.

In an insider trading activity, Fowler Peggy Y, director of Hawaiian Electric Industries Inc, executed a transaction worth $8,134 on December 30, 2014. A total of 237 shares were purchased at an average price of $34.32. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Hawaiian Electric Industries, Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its wholly owned subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Electric utility segment is involved in the business of generating, purchasing, transmitting, distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.

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