Large Inflow of Money Detected in NiSource Inc

NiSource Inc (NI) : $12.15 million worth of transactions were on upticks in NiSource Inc (NI), compared to $5.37 million on downticks. The ratio between the two was 2.26, whereas, the net money flow stood at a healthy $6.78 million on Thursdays session.The block trades show a bullish bias with only $0.76 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $7.63million worth of trades. The up-down ratio between the uptick and downtick was 10.08, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $6.88 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.19%. The stock was trading at $26.01, with a drop of $0.05 over the previous days close. The stock recorded -0.46% for the week.


The stock has recorded a 20-day Moving Average of 0.91% and the 50-Day Moving Average is 5.15%. Shares have rallied 54.17% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $26.94 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $25.10 and the 200 Day Moving Average price is recorded at $22.80.

NiSource Inc (NYSE:NI): The stock opened at $25.90 on Thursday but the bulls could not build on the opening and the stock topped out at $26.04 for the day. The stock traded down to $25.80 during the day, due to lack of any buying support eventually closed down at $26.01 with a loss of -0.19% for the day. The stock had closed at $26.06 on the previous day. The total traded volume was 1,935,530 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, Levander Carl W had sold 6,000 shares worth of $134,340 in a transaction dated March 7, 2016. In this transaction, 6,000 shares were sold at $22.39 per share.

NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.

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