July 28, 2016 - 6:03 PM EDT
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NiSource Inc (NI) Paces Utilities with 1.14% Gain on July 28


NiSource Inc (NI) was one of the best performers amongst all companies listed in the utilities sector on the NYSE and NASDAQ exchanges during trading on July 28, climbing 1.14% to wrap the day at $25.75 after closing the day prior at $25.46. Throughout the trading session, shares of NI rose as high as $25.82 and dipped as low as $25.43. Today’s advance came with about 2.27 million shares changing hands, compared to an average 30-day volume of 2.81 million for NiSource Inc. The price is currently below the 30-day volume weighted average price of $25.71 for NI.

The share appreciation today gives the company a market capitalization of $8.19 billion based upon 321.54 million shares outstanding. It also means that NI has a price-to-book ratio of 2.11:1.

In the past 52 weeks, shares of NI have traded as low as $16.035 and as high as $26.94. Technical traders will take note that at $25.75, shares of NI are trading above their 200-day MA at $21.76 and above their 50-day MA at $25.03. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is NI?

NiSource Inc is an energy holding company, whose subsidiaries are fully regulated natural gas and electric utility companies serving customers in seven states. The company’s 7596 employees are led by CEO Joseph Hamrock from the corporate headquarters at 801 East 86th Avenue in Merrillville, IN.

For more information on NI and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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Source: Financial Press News (July 28, 2016 - 6:03 PM EDT)

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