Consolidated Edison Inc (ED) Shares Slide -1.36%

Consolidated Edison Inc (ED) : During the past 4 weeks, traders have been relatively bearish on Consolidated Edison Inc (ED), hence the stock is down -3.77% 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 -1.29% relative to the S&P 500. The 4-week change in the price of the stock is -0.53% and the stock has fallen -1.36% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 3.61%. Consolidated Edison, Inc. is up 8.32% in the last 3-month period. Year-to-Date the stock performance stands at 26.91%.


Consolidated Edison Inc (NYSE:ED): stock turned positive on Friday. Though the stock opened at $79.78, the bulls momentum made the stock top out at $80.85 level for the day. The stock recorded a low of $79.551 and closed the trading day at $80.08, in the green by 0.25%. The total traded volume for the day was 2,338,524. The stock had closed at $79.88 in the previous days trading.

Also, In a research note released to the investors, Jefferies maintains its rating on Consolidated Edison Inc (NYSE:ED).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies raises the new price target from $77 per share to $80 per share. The rating by the firm was issued on July 14, 2016.

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and the Competitive Energy Businesses. CECONY delivers electricity, natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north-eastern Pennsylvania. O&Rs utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions, Inc. (Con Edison Solutions); Consolidated Edison Energy, Inc. (Con Edison Energy), and Consolidated Edison Development, Inc. (Con Edison Development).

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