Large Outflow of Money Witnessed in Pacific Gas & Electric Co.

Pacific Gas & Electric Co. (PCG) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($7.83 million) and the uptick to downtick ratio was 0.69. The transaction value on upticks was $17.5 million and on downticks, the transaction value was $25.33 million. The transaction value of block trades during downticks was $2.98 million. The money flow was negative ($2.98 million), indicating the traders were booking profit on the price strength. Pacific Gas & Electric Co. (PCG) rose $0.54 at $62.35, during intraday Friday , a rise of 0.87% over the previous days close.


The company Insiders own 0.14% of Pacific Gas & Electric Co. shares according to the proxy statements. Institutional Investors own 80.09% of Pacific Gas & Electric Co. shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Finance) of Pg&E Corp, Harvey Kent M had sold 17,920 shares worth of $1,007,821 in a transaction dated March 4, 2016. In this transaction, 17,920 shares were sold at $56.24 per share.

Pacific Gas & Electric Co. (NYSE:PCG): The stock opened at $61.76 and touched an intraday high of $62.56 on Friday. During the day, the stock corrected to an intraday low of $61.64, however, the bulls stepped in and pushed the price higher to close in the green at $62.35 with a gain of 0.87% for the day. The total traded volume for the day was 2,423,709. The stock had closed at $61.81 in the previous trading session.

Pacific Gas & Electric Co. (PCG) : During the past 4 weeks, traders have been relatively bearish on Pacific Gas & Electric Co. (PCG), hence the stock is down -2.3% 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 -0.1% relative to the S&P 500. The stock has risen by 0.4% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.43% in the past 4 weeks.

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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