Large Inflow of Money Detected in PNM Resources (Holding Co.)

PNM Resources (Holding Co.) (PNM) : $0.24 million worth of transactions were on upticks in PNM Resources (Holding Co.) (PNM), compared to $0.05 million on downticks. The ratio between the two was 4.35, whereas, the net money flow stood at a healthy $0.18 million on Thursdays session. The consistent buying on upticks in the stock accounted for $0.1million worth of trades. The total money flow into the stock stood at $0.1 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.37%. The stock was trading at $34.57, with a drop of $0.13 over the previous days close. The stock recorded -2.01% for the week.


The stock has recorded a 20-day Moving Average of 1.05% and the 50-Day Moving Average is 1.65%. Shares have rallied 36.36% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $36.15 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $33.93 and the 200 Day Moving Average price is recorded at $32.51.

PNM Resources (Holding Co.) (NYSE:PNM): The stock opened at $34.43 on Thursday but the bulls could not build on the opening and the stock topped out at $34.71 for the day. The stock traded down to $34.10 during the day, due to lack of any buying support eventually closed down at $34.13 with a loss of -1.64% for the day. The stock had closed at $34.70 on the previous day. The total traded volume was 630,701 shares.

In an insider trading activity, The (SVP, PUBLIC POLICY), of Pnm Resources Inc, Darnell Ronald N. had unloaded 113 shares at $33.05 per share in a transaction on March 16, 2016. The total value of transaction was $3,735. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

PNM Resources, Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. The Companys business segments include PNM, TNMP and Corporate and Other. PNM is an electric utility that provides electric generation, transmission, and distribution service to its rate-regulated customers. TNMP is an electric utility providing regulated transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company. The Companys primary subsidiaries include Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

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