Large Outflow of Money Witnessed in Calpine Corporation

Calpine Corporation (CPN) : The total money flow in Calpine Corporation (CPN) was negative ($3.19 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $5.23 million. Transactions on upticks were comparatively lower at $2.04 million. The uptick to downtick ratio was 0.39. The total block trades done on upticks were valued at $0.19 million. The total block trades on downticks were valued at $3.01 million. The uptick to the downtick ratio of block trades was 0.06. The money flow during block trades was negative ($2.82 million) when the stock traded with a gain of $29 cent. Calpine Corporation (CPN) was $12.42, an increase of 2.35% over the previous days close.


The company Insiders own 1.3% of Calpine Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.37% . Institutional Investors own 92.98% of Calpine Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -30.61%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Calpine Corp, Fusco Jack A had sold 54,600 shares worth of $820,092 in a transaction dated July 12, 2016. In this transaction, 54,600 shares were sold at $15.02 per share.

Calpine Corporation (NYSE:CPN): The stock opened at $12.22 and touched an intraday high of $12.57 on Friday. During the day, the stock corrected to an intraday low of $12.2, however, the bulls stepped in and pushed the price higher to close in the green at $12.48 with a gain of 2.89% for the day. The total traded volume for the day was 2,269,654. The stock had closed at $12.13 in the previous trading session.

Calpine Corporation (CPN) : During the past 4 weeks, traders have been relatively bearish on Calpine Corporation (CPN), hence the stock is down -3.95% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.34% relative to the S&P 500. The stock has risen by 0.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.07% in the past 4 weeks.

Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others. Its segments are West (including geothermal), Texas and East (including Canada). The Companys portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines, which are primarily combined-cycle plants, and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines, as well as cogeneration power plants. It owns 88 power plants, including one under construction plant, with an aggregate generation capacity of 26,548 megawatt (MW) and 309 MW under construction.

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