On a relative basis, the stock has outperformed the S&P 500 by 1.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.47% in the last 1 week, and is up 5.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.53% and the 50-Day Moving Average is 7.09%.
FirstEnergy Corporation (NYSE:FE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.92 and $35.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.19, notching a gain of 0.95% for the day. The total traded volume was 2,759,329 . The stock had closed at $35.85 on the previous day.
The company Insiders own 0.2% of FirstEnergy Corporation shares according to the proxy statements. Institutional Investors own 76.2% of FirstEnergy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 10.08%. In a related news, Strah Steven E, officer (Sr VP & President FE Utilities) of Firstenergy Corp had purchased 560 shares on March 14, 2016 in a transaction. The price per share was $35.59 and the total amount of the disclosed transaction was $19,930.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.