Large Outflow of Money Witnessed in Spectra Energy Corp

Spectra Energy Corp (SE) : Money flow in the Spectra Energy Corp (SE) stock was negative (1.51 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.5 million, compared to $7.01 million on downticks. The total uptick to downtick ratio was 0.78, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.11 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.11 million, indicating persistent selling. Spectra Energy Corp (SE) traded $0.12 higher at $41.66 gaining 0.28% over the previous days close.


Shares of Spectra Energy Corp. rose by 0.21% in the last five trading days and 19.68% for the last 4 weeks. Spectra Energy Corp. is up 20.62% in the last 3-month period. Year-to-Date the stock performance stands at 85.57%.

Spectra Energy Corp (SE) : The consensus on Spectra Energy Corp (SE) based on 13 analyst recommendation on the company stock is 2.69, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Spectra Energy Corp (NYSE:SE): The stock opened at $41.66 and touched an intraday high of $42.86 on Wednesday. During the day, the stock corrected to an intraday low of $41.445, however, the bulls stepped in and pushed the price higher to close in the green at $42.76 with a gain of 2.94% for the day. The total traded volume for the day was 4,302,541. The stock had closed at $41.54 in the previous trading session.

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.

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