Large Inflow of Money Detected in Great Plains Energy Inc

Great Plains Energy Inc (GXP) stock had a bullish inflow of $19.3 million worth of trades on uptick and an outflow of $9.15 million in downticks on Thursday. The total uptick to downtick ratio stood at 2.11. The net money flow into the stock was $10.15 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $9.44 million. An inflow of $1.7 million block trade was recorded on downticks. $11.14 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 6.55 in favor of the bulls. However, Great Plains Energy Inc (GXP) stock traded down $0.55 , and reached $30.32, a drop of -1.78% over the previous day. On a weekly basis, the stock is -2.82%, over the previous weeks close.


The stock has recorded a 20-day Moving Average of 0.42% and the 50-Day Moving Average is 0.08%. Shares have rallied 24.38% 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 $29.95 and the 200 Day Moving Average price is recorded at $29.88.

Great Plains Energy Inc (NYSE:GXP): The stock opened at $30.69 on Thursday but the bulls could not build on the opening and the stock topped out at $30.81 for the day. The stock traded down to $30.20 during the day, due to lack of any buying support eventually closed down at $30.32 with a loss of -1.78% for the day. The stock had closed at $30.87 on the previous day. The total traded volume was 2,705,317 shares.

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).

Comments (0)

Leave a Reply

Your email address will not be published.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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.