Large Outflow of Money Witnessed in TransCanada Corporation

TransCanada Corporation (TRP) had an volatile session and gained 0.03 points till last call. The price was at $47.25, gaining 0.06% till the last intraday data. The total uptick value was $0.21 million while the total downtick value was $1.55 million. The shares saw a net money flow of $(-1.33) million and the up/down ratio stood at 0.14. The stock has seen a change of of -0.96% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-1.35) million. Almost $0 million were received in upticks and approximately $1.35 million were lost in downticks, thereby giving the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

TransCanada Corporation has dropped 4.44% in the last five trading days, however, the shares have posted positive gains of 4.43% in the last 4 weeks. TransCanada Corporation is up 5.08% in the last 3-month period. Year-to-Date the stock performance stands at 4.43%. TransCanada Corporation (NYSE:TRP) witnessed a decline in the market cap on Wednesday as its shares dropped 0.15% or 0.07 points. After the session commenced at $47.05, the stock reached the higher end at $47.5 while it hit a low of $46.685. With the volume soaring to 821,519 shares, the last trade was called at $47.15. The company has a 52-week high of $49.765. The company has a market cap of $40,721 million and there are 863,653,550 shares in outstanding. The 52-week low of the share price is $33.2.

TransCanada Corporation (USA) Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $0.68. The company had revenue of $3632.00 million for the quarter, compared to analysts expectations of $3245.84 million. The companys revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canadas natural gas production to growing markets in Canada and the United States.


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