CMS Energy Corporation (CMS) has been under a strong bear grip, hence the stock is down -3.84% 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 0.99% 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 1.61% in the last 1 week, and is up 2.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
CMS Energy Corporation (NYSE:CMS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.13 and $45.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.54, notching a gain of 0.95% for the day. The total traded volume was 1,600,257 . The stock had closed at $45.11 on the previous day.
The stock has recorded a 20-day Moving Average of 1.01% and the 50-Day Moving Average is 4.92%. CMS Energy Corp. is up 15.73% in the last 3-month period. Year-to-Date the stock performance stands at 28.19%.
CMS Energy Corporation (CMS Energy) is an energy company. The Company operates in three segments: consumers electric utility, consumers gas utility and enterprises. CMS Energy is engaged in independent power production and owns power generation facilities fueled by natural gas and biomass. Its subsidiaries include Consumers Energy Company (Consumers) and CMS Enterprises Company (CMS Enterprises). Consumers is an electric and gas utility, and CMS Enterprises is a domestic independent power producer. The Consumers electric utility segments operations include the generation, purchase, distribution and sale of electricity. CMS Energys enterprises segment is engaged in domestic independent power production and the marketing of independent power production. Consumers gas utility operations include the purchase, transmission, storage, distribution and sale of natural gas.