Entergy Corporation (ETR) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $24.9 million worth of transactions were on upticks, whereas, the downticks accounted for $17.27 million worth of transactions. The net money flow was a positive $7.62 million and the uptick to downtick ratio was 1.44. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 8.49 in their favor. The net money flow into the stock was $7.22 million. The value of block trades done on downticks was only $0.96 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $8.19 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Entergy Corporation (ETR) was trading at $77.65, down $0.55 during day. The stock slid -0.7% over the previous days close. For the week, the stock recorded 0.5% over the previous weeks close.
The company Insiders own 0.22% of Entergy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.15% . Institutional Investors own 86.14% of Entergy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -23.97%.
In a related news, The Securities and Exchange Commission has divulged that Despeaux Kimberly H, officer (Senior Vice President) of Entergy Corp /De/, had unloaded 2,000 shares at an average price of $79.55 in a transaction dated on August 12, 2016. The total value of the transaction was worth $159,100.
Entergy Corporation (NYSE:ETR): The stock opened at $77.79 and touched an intraday high of $79.04 on Friday. During the day, the stock corrected to an intraday low of $77.77, however, the bulls stepped in and pushed the price higher to close in the green at $78.97 with a gain of 1.70% for the day. The total traded volume for the day was 883,075. The stock had closed at $77.65 in the previous trading session.
Entergy Corporation (ETR) has been under a strong bear grip, hence the stock is down -0.65% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.7% in the past 1 week. The stock has risen by 2.21% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.78% in the past 4 weeks.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.