Company Shares of Enbridge Inc (NYSE:ENB) Drops by -4.77%

Enbridge Inc (NYSE:ENB) : During the past 4 weeks, traders have been relatively bearish on Enbridge Inc (NYSE:ENB), hence the stock is down -3.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.98% relative to the S&P 500. The 4-week change in the price of the stock is -1.45% and the stock has fallen -4.77% in the past 1 week.

The company shares have dropped -10.39% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $46.38 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $41.50 and the 200 Day Moving Average price is recorded at $37.47.

The stock has recorded a 20-day Moving Average of 1.43% and the 50-Day Moving Average is 0.78%.


Enbridge Inc (NYSE:ENB): On Fridays trading session , Opening price of the stock was $41.65 with an intraday high of $41.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $41.27. However, the stock managed to close at $41.32, a loss of 0.17% for the day. On the previous day, the stock had closed at $41.39. The total traded volume of the day was 1,184,702 shares.

Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Companys natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Companys energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Companys 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridges interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy, Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

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