Large Inflow of Money Detected in NewJersey Resources Corporation

NewJersey Resources Corporation (NJR) : Investors lapped up stocks on upticks to the tune of $0.3 million in the Thursdays trading session. The trading value on downticks was comparatively at $0.01 million and the uptick to downtick ratio of 26.63 indicates continuous buying by the bulls. The net money flow into the stock was $0.29 million. Upticks saw transactions worth $0.1 clearly indicating buying by large investors. The total money flow for block trades stood at $0.1 million, which is a positive for the stock in the long-term. NewJersey Resources Corporation (NJR) fell $0.17 during the day at $37.91, a drop of -0.45% over the previous days close. However, for the week, the stock is -0.34%, compared to the previous week.


The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 2.86%. Shares have rallied 34.34% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $38.92 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $36.71 and the 200 Day Moving Average price is recorded at $35.45.

NewJersey Resources Corporation (NYSE:NJR): The stock opened at $37.72 on Thursday but the bulls could not build on the opening and the stock topped out at $38.03 for the day. The stock traded down to $37.31 during the day, due to lack of any buying support eventually closed down at $37.45 with a loss of -1.65% for the day. The stock had closed at $38.08 on the previous day. The total traded volume was 544,312 shares.

In an insider trading activity, The director, of New Jersey Resources Corp, Zoffinger George R had unloaded 9,743 shares at $35 per share in a transaction on May 17, 2016. The total value of transaction was $341,005. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream (formerly Energy Holdings). The Natural Gas Distribution segment consists of regulated energy and off-system, capacity and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale energy operations. Lastly, the Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities.

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