Shares of Scana Corporation (SCG) Sees Large Inflow of Net Money Flow

Scana Corporation (SCG) : Investors lapped up stocks on upticks to the tune of $13.3 million in the Wednesdays trading session. The trading value on downticks was comparatively at $7.42 million and the uptick to downtick ratio of 1.79 indicates continuous buying by the bulls. The net money flow into the stock was $5.87 million. Upticks saw transactions worth $6.31 clearly indicating buying by large investors. The total money flow for block trades stood at $6.31 million, which is a positive for the stock in the long-term. Scana Corporation (SCG) fell $0.4 during the day at $73.66, a drop of -0.54% over the previous days close. However, for the week, the stock is -1.77%, compared to the previous week.


SCANA Corp. has dropped 0.37% in the last five trading days, however, the shares have posted positive gains of 4.32% in the last 4 weeks. SCANA Corp. is up 0.39% in the last 3-month period. Year-to-Date the stock performance stands at 24.84%.

Scana Corporation (SCG) : 8 analysts are covering Scana Corporation (SCG) and their average rating on the stock is 1.91, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Scana Corporation (NYSE:SCG): stock was range-bound between the intraday low of $73.01 and the intraday high of $74.31 after having opened at $74.31 on Wednesdays session. The stock finally closed in the red at $74.31, a loss of -0.54%. The stock remained in the red for the whole trading day. The total traded volume was 677,811 shares. The stock failed to cross $74.31 in Wednesdays trading. The stocks closing price on Thursday was $74.06.

SCANA Corporation is a holding company. SCANA, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through other wholly owned non-regulated subsidiaries, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast, and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations, Gas Distribution, Retail Gas Marketing and All Other. Electric Operations primarily generates, transmits and distributes electricity. Gas Distribution purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers and municipalities. All Other comprises the holding company and its subsidiaries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *