Alliant Energy Corporation (LNT) has been under a strong bear grip, hence the stock is down -3.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.76% 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 2.39% in the last 1 week, and is up 2.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Alliant Energy Corporation (NYSE:LNT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.71 and $39.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.35, notching a gain of 1.56% for the day. The total traded volume was 859,977 . The stock had closed at $39.73 on the previous day.
The stock has recorded a 20-day Moving Average of 1.33% and the 50-Day Moving Average is 4.85%. Alliant Energy Corporation is up 17.79% in the last 3-month period. Year-to-Date the stock performance stands at 31.56%.
Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa, Wisconsin and Minnesota. The Companys business segments are Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The utility business segment includes utility electric operations, utility gas operations and utility other, which includes steam operations and the unallocated portions of the utility business. The Companys Non-regulated, Parent and Other segment includes the operations of Alliant Energy Resources, LLC (Resources) and its subsidiaries; Alliant Energy Corporate Services, Inc. (Corporate Services); the Alliant Energy parent company, and any Alliant Energy parent company consolidating adjustments.