Large Inflow of Money Detected in Eversource Energy

Eversource Energy (ES) : The money flow analysis of Eversource Energy (ES) indicates a $13.55 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $34.68 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.56 and so was the total money flow at $21.13 million. The bulls lapped up $20.57 million worth of block trades on upticks. The money flow was $20.57 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Eversource Energy (ES), pushing it down by -0.96% for the day. The stock slid $0.56 and traded at $57.75 during the day. Nonetheless, the stock is -3.06% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 1.6%. Shares have rallied 25.43% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $60.44 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $57.03 and the 200 Day Moving Average price is recorded at $55.65.

Eversource Energy (NYSE:ES): The stock opened at $57.92 on Thursday but the bulls could not build on the opening and the stock topped out at $58.07 for the day. The stock traded down to $57.53 during the day, due to lack of any buying support eventually closed down at $57.75 with a loss of -0.96% for the day. The stock had closed at $58.31 on the previous day. The total traded volume was 2,113,583 shares.

In an insider trading activity,The officer (Executive VP and COO) of Eversource Energy, Schweiger Werner J sold 10,000 shares at $57 on March 8, 2016. The Insider selling transaction had a total value worth of $570,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.

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