Companhia Paranaense de Energia (COPEL) (ELP) Shares are Down -2.9%

Companhia Paranaense de Energia (COPEL) (ELP) : During the past 4 weeks, traders have been relatively bearish on Companhia Paranaense de Energia (COPEL) (ELP), hence the stock is down -2.47% 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 -3.06% relative to the S&P 500. The 4-week change in the price of the stock is -2.99% and the stock has fallen -2.9% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.65% and the 50-Day Moving Average is 1.07%.The 200 Day SMA reached 33.23%


Companhia Paranaense de Energia (COPEL) (NYSE:ELP): The stock opened in the green at $10.63 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $10.66 and a low of $10.33 for the day. The stock did not find buyers even at the lows and closed at $10.37 recording a loss of -2.17%. 1,305,970 shares exchanged hands during the trading day. The stock had closed at $10.37 in the previous days trading.

Companhia Paranaense de Energia – Copel is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its operating segments are Power generation and transmission (GeT), Power distribution and sales (DIS), Telecommunications (TEL), Gas (GAS) and Holding Company (HOL). It generates electricity from around 18 hydroelectric plants, one wind plant and one thermoelectric plant, for a total installed capacity of 4,754.4 megawatts. It holds concessions to distribute electricity in 394 of the 399 municipalities in the State of Parana and in the municipality of Porto Uniao in the State of Santa Catarina. It owns and operates approximately 2,174 kilometers of transmission lines and 189,925.4 kilometers of distribution lines. Its generation business sells energy to its distribution business through auctions in the regulated market.

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