Great Plains Energy Inc (NYSE:GXP) : Traders are bullish on Great Plains Energy Inc (NYSE:GXP) as it has outperformed the S&P 500 by a wide margin of 2.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.7%, 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 1.99% in the last 1 week, and is up 3.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 23.81% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $32.74 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $29.94 and the 200 Day Moving Average price is recorded at $29.81.
The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 3%.
Great Plains Energy Inc (NYSE:GXP): stock turned positive on Friday. Though the stock opened at $30.78, the bulls momentum made the stock top out at $31.21 level for the day. The stock recorded a low of $30.64 and closed the trading day at $31.2, in the green by 1.20%. The total traded volume for the day was 2,151,915. The stock had closed at $30.83 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Deggendorf Michael, officer (SVP) of Great Plains Energy Inc, had unloaded 9,000 shares at an average price of $30.91 in a transaction dated on March 11, 2016. The total value of the transaction was worth $278,190.
Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company. The Company does not own or operate any assets other than the stock of its subsidiaries. The Companys wholly owned direct subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas. KCP&L has one active wholly owned subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO has two active wholly owned subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant).