CenterPoint Energy Inc (Holding Co) (CNP) Moves Lower on Volume Spike for January 05

Equities Staff  |

CenterPoint Energy Inc (Holding Co) (CNP) traded on unusually high volume on Jan. 05, as the stock lost 0.43% to close at $27.87. On the day, CenterPoint Energy Inc (Holding Co) saw 4.43 million shares trade hands on 24,278 trades. Considering that the stock averages only a daily volume of 2.81 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $30.45 and $24.63 over the last 52-weeks, its 50-day SMA is now $28.97, and its 200-day SMA $28.24. CenterPoint Energy Inc (Holding Co) has a P/B ratio of 3.32. It also has a P/E ratio of 20.3.

CenterPoint Energy Inc owns and operates a portfolio of energy-related businesses. The company primarily provides transmission and distribution services and has natural gas distribution systems in the United States.

Headquartered in Houston, TX, CenterPoint Energy Inc (Holding Co) has 7,727 employees and is currently under the leadership of CEO Scott M. Prochazka.

For a complete fundamental analysis analysis of CenterPoint Energy Inc (Holding Co), check out’s Stock Valuation Analysis report for CNP.

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To get more information on CenterPoint Energy Inc (Holding Co) and to follow the company’s latest updates, you can visit the company’s profile page here: CNP’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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