Large Inflow of Money Detected in Pacific Gas & Electric Co.

Pacific Gas & Electric Co. (PCG) : On Thursday, The money flowed into the Pacific Gas & Electric Co. (PCG) stock with an uptick to downtick ratio was recorded at 1.17. Transactions worth $7.84 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $6.7 million. The total money flow into the stock was $1.14 million. The block trades reveal a bullish bias with an up-down ratio of 1.6. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $2.66 million of block transactions on upticks. The value of block trades on downticks was $1.67 million, indicating lower selling interest. The total money flow in block trades was $1 million. In terms of price action, Pacific Gas & Electric Co. (PCG) traded down $0.35 during the session at $64.21. Compared to the previous days closing, the stock was down only by -0.54%. For the week, the stock is -0.96%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 5.44%. Shares have rallied 26.92% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $65.43 and the one year low was seen on Sep 2, 2015. The 50-Day Moving Average price is $62.16 and the 200 Day Moving Average price is recorded at $58.04.

Pacific Gas & Electric Co. (NYSE:PCG): The stock opened at $64.22 on Thursday but the bulls could not build on the opening and the stock topped out at $64.53 for the day. The stock traded down to $63.93 during the day, due to lack of any buying support eventually closed down at $64.20 with a loss of -0.56% for the day. The stock had closed at $64.56 on the previous day. The total traded volume was 2,936,172 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Harvey Kent M, officer (SVP, Finance) of Pg&E Corp, had unloaded 17,920 shares at an average price of $56.24 in a transaction dated on March 4, 2016. The total value of the transaction was worth $1,007,821.

PG&E Corporation is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utilitys operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers. The Utility provides natural gas transportation services to customers, which include small commercial and residential customers, and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utilitys gas system in its service territory.

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