Pacific Gas & Electric Co. (PCG) has risen sharply, recording gains of 2.54% in the past 4 weeks. However, the stock has corrected -0.32% in the past 1 week, providing a good buying opportunity on dips. Pacific Gas & Electric Co. (PCG) : During the past 4 weeks, traders have been relatively bearish on Pacific Gas & Electric Co. (PCG), hence the stock is down -1.75% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.79% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 5.93%.
Pacific Gas & Electric Co. (NYSE:PCG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.53 and $64.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.62, notching a gain of 0.65% for the day. The total traded volume was 3,029,141 . The stock had closed at $64.20 on the previous day.
The company Insiders own 0.14% of Pacific Gas & Electric Co. shares according to the proxy statements. Institutional Investors own 81.83% of Pacific Gas & Electric Co. shares. During last six month period, the net percent change held by insiders has seen a change of -31.31%. In a related news,The officer (SVP, Finance) of Pg&E Corp, Harvey Kent M sold 17,920 shares at $56.24 on March 4, 2016. The Insider selling transaction had a total value worth of $1,007,821. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
PG&E Corporation is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utilitys operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers. The Utility provides natural gas transportation services to customers, which include small commercial and residential customers, and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utilitys gas system in its service territory.