Shares of Cheniere Energy (LNG) Sees Large Outflow of Money

Cheniere Energy (LNG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (5.88 million) in Cheniere Energy (LNG). On Thursday, The value of composite uptick trades was $19.01 million, whereas, the value of composite downtick trades was $24.89 million and the ratio between the two was 0.76, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $5.82 million. $2.84 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.49. The negative money flow of ($2.98 million) shows selling on strength. Cheniere Energy (LNG) gained $0.03 intraday at $37.05 and registrered 0.08% for the week.


Cheniere Energy (LNG) : The highest short term price target forecast on Cheniere Energy (LNG) is $65 and the lowest target price is $38. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $53 with a standard deviation of $10.55. The stock has recorded a 20-day Moving Average of 4.63% and the 50-Day Moving Average is 5.99%.

Cheniere Energy (NYSEMKT:LNG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.58 and $36.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.10, notching a gain of 0.22% for the day. The total traded volume was 3,115,426 . The stock had closed at $37.02 on the previous day.

Cheniere Energy, Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners), which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish, Louisiana, and the Corpus Christi LNG terminal near Corpus Christi, Texas.

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