Large Inflow of Money Witnessed in CenterPoint Energy

CenterPoint Energy (CNP) : CenterPoint Energy (CNP) had a healthy money flow of $6.04 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $22.84 million, whereas, investors only sold shares worth $16.79 million on downticks. The stock closed the day with an up-down ratio of 1.36.The money flow in the block trades to the tune of $7.46 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $12.91 million worth of transactions were on upticks. A paltry $5.45 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.37. CenterPoint Energy (CNP) stock slid $0.55 intraday and traded at 23.5, a change of -2.29% over previous days close. However, for the week, the company shares are -2.29% compared to previous weeks close.


CenterPoint Energy (CNP) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $24 and the lowest price target forecast is $23. The average forecast of all the analysts is $23.3 and the expected standard deviation is $0.67. The stock has recorded a 20-day Moving Average of 0.37% and the 50-Day Moving Average is 4.4%.

CenterPoint Energy (NYSE:CNP): The stock opened at $24.00 on Thursday but the bulls could not build on the opening and the stock topped out at $24.05 for the day. The stock traded down to $23.49 during the day, due to lack of any buying support eventually closed down at $23.52 with a loss of -2.20% for the day. The stock had closed at $24.05 on the previous day. The total traded volume was 8,357,491 shares.

CenterPoint Energy, Inc. is a public utility holding company. The companys segments include: Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Electric Transmission & Distribution provides electric transmission and distribution services to retail electric providers. Natural Gas Distribution offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial, industrial and institutional customers. Energy Services includes non-rate regulated gas sales and services operations. Midstream Investments segment includes equity earnings associated with the operations of Enable Midstream Partners, LP and a 0.1% interest in Southeast Supply Header, LLC owned by CenterPoint Energy Resources Corp. Other Operations includes office buildings and other real estate used in its business operations and other corporate operations which support all of its business operations.

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