Shares of CenterPoint Energy (CNP) Rally 0.67%

CenterPoint Energy (CNP) : During the past 4 weeks, traders have been relatively bearish on CenterPoint Energy (CNP), hence the stock is down -0.21% 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 -0.81% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.67% in the last 1 week, and is up 4.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.86% and the 50-Day Moving Average is 5.34%.

CenterPoint Energy (NYSE:CNP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.74 and $23.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.06, notching a gain of 1.69% for the day. The total traded volume was 4,718,321 . The stock had closed at $23.66 on the previous day.


The company Insiders own 0.15% of CenterPoint Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.7% . Institutional Investors own 76.19% of CenterPoint Energy shares. During last six month period, the net percent change held by insiders has seen a change of -6.7%. In a related news, The Securities and Exchange Commission has divulged that Mcgoldrick Joseph B, officer (Exec VP – Div Pres) of Centerpoint Energy Inc, had unloaded 9,000 shares at an average price of $22.23 in a transaction dated on May 13, 2016. The total value of the transaction was worth $200,070.

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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