Shares of Great Plains Energy Inc (GXP) Drops by -3.17%

Great Plains Energy Inc (GXP) has risen sharply, recording gains of 1.61% in the past 4 weeks. However, the stock has corrected -3.17% in the past 1 week, providing a good buying opportunity on dips. Great Plains Energy Inc (GXP) : During the past 4 weeks, traders have been relatively bearish on Great Plains Energy Inc (GXP), hence the stock is down -2.64% 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 -4.6% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 0.23%.

Great Plains Energy Inc (NYSE:GXP): The stock opened at $30.35 on Friday but the bulls could not build on the opening and the stock topped out at $30.59 for the day. The stock traded down to $30.14 during the day, due to lack of any buying support eventually closed down at $30.21 with a loss of -0.36% for the day. The stock had closed at $30.32 on the previous day. The total traded volume was 3,094,460 shares.


The company Insiders own 0.46% of Great Plains Energy Inc shares according to the proxy statements. Institutional Investors own 79.27% of Great Plains Energy Inc shares. During last six month period, the net percent change held by insiders has seen a change of -7.35%. In a related news,The officer (SVP) of Great Plains Energy Inc, Deggendorf Michael sold 9,000 shares at $30.91 on March 11, 2016. The Insider selling transaction had a total value worth of $278,190. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company. The Company does not own or operate any assets other than the stock of its subsidiaries. The Companys wholly owned direct subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas. KCP&L has one active wholly owned subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO has two active wholly owned subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant).

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