Eversource Energy (NYSE:ES) has risen sharply, recording gains of 5.1% in the past 4 weeks. However, the stock has corrected -0.23% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 26.64% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $60.44 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $56.90 and the 200 Day Moving Average price is recorded at $55.53.
The stock has recorded a 20-day Moving Average of 2.97% and the 50-Day Moving Average is 5.22%.
Eversource Energy (NYSE:ES): stock turned positive on Friday. Though the stock opened at $59.01, the bulls momentum made the stock top out at $59.6 level for the day. The stock recorded a low of $58.48 and closed the trading day at $59.57, in the green by 0.37%. The total traded volume for the day was 2,079,344. The stock had closed at $59.35 in the previous days trading.
In an insider trading activity,The officer (Executive VP and COO) of Eversource Energy, Schweiger Werner J sold 10,000 shares at $57 on March 8, 2016. The Insider selling transaction had a total value worth of $570,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.