Spectra Energy Corp (SE) : Traders are bullish on Spectra Energy Corp (SE) as it has outperformed the S&P 500 by a wide margin of 4.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.9% in the last 1 week, and is up 9.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.22% and the 50-Day Moving Average is 11.24%.
Spectra Energy Corp (NYSE:SE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.91 and $36.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.05, notching a gain of 0.71% for the day. The total traded volume was 2,955,266 . The stock had closed at $36.79 on the previous day.
The company Insiders own 0.22% of Spectra Energy Corp shares according to the proxy statements. Institutional Investors own 68.1% of Spectra Energy Corp shares. In a related news, Buckley Guy G., officer (Chief Development Officer) of Spectra Energy Corp., unloaded 21,100 shares at an average price of $29.41 on March 2, 2016. The total amount of the transaction was worth $620,551, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.