Shares of Westar Energy (WR) Sees Large Outflow of Money

Westar Energy (WR) : The total negative money flow of $5.24 million on Thursday indicates selling on strength. The inflow of money on upticks was $7.8 million, compared to $13.04 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.6. The negative money flow of $4.74 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $4.74 million. The price action in the Westar Energy (WR) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $56.32 with a gain of $0.05 , a change of 0.09% over the previous days close. The stock registered 0.11% for the week.


Westar Energy (WR) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $60 and the lowest price target forecast is $40. The average forecast of all the analysts is $50.83 and the expected standard deviation is $10.13. The stock has recorded a 20-day Moving Average of 0.64% and the 50-Day Moving Average is 4.63%.

Westar Energy (NYSE:WR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.27 and $56.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.32, notching a gain of 0.09% for the day. The total traded volume was 1,076,818 . The stock had closed at $56.27 on the previous day.

Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 693,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energys wholly owned subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Company supplies electric energy at retail to customers in Kansas. The Company also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas. The Company classifies it customer as residential, commercial and industrial. It has around 6,645 megawatts (MW) of generating capacity in service. Its installed wind power generation capacity is around 515 MW.

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