Shares of Spectra Energy Corp (SE) Sees Large Outflow of Money

Spectra Energy Corp (SE) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (7.22 million) in Spectra Energy Corp (SE). On Thursday, The value of composite uptick trades was $18.02 million, whereas, the value of composite downtick trades was $25.24 million and the ratio between the two was 0.71, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $6.85 million. $2.2 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.32. The negative money flow of ($4.65 million) shows selling on strength. Spectra Energy Corp (SE) gained $0.01 intraday at $36.78 and registrered 0.03% for the week.


The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 10.9%. Shares have rallied 14.46% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $36.88 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $33.92 and the 200 Day Moving Average price is recorded at $30.18.

Spectra Energy Corp (NYSE:SE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.04 and $36.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.79, notching a gain of 0.05% for the day. The total traded volume was 3,578,774 . The stock had closed at $36.77 on the previous day.

In an insider trading activity,The officer (Chief Development Officer) of Spectra Energy Corp., Buckley Guy G. sold 21,100 shares at $29.41 on March 2, 2016. The Insider selling transaction had a total value worth of $620,551. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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