Consolidated Edison Inc (NYSE:ED) has risen sharply, recording gains of 4.2% in the past 4 weeks. However, the stock has corrected -0.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.55% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 32.44% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $81.88 and the one year low was seen on Jul 15, 2015. The 50-Day Moving Average price is $76.64 and the 200 Day Moving Average price is recorded at $72.97.
The stock has recorded a 20-day Moving Average of 2.32% and the 50-Day Moving Average is 6.4%.
Consolidated Edison Inc (NYSE:ED): stock turned positive on Friday. Though the stock opened at $79.75, the bulls momentum made the stock top out at $80.42 level for the day. The stock recorded a low of $79.05 and closed the trading day at $80.38, in the green by 0.49%. The total traded volume for the day was 2,334,590. The stock had closed at $79.99 in the previous days trading.
In an insider trading activity, Shukla Saumil P, officer (SVP, Utility Shared Services) of Consolidated Edison Inc, executed a transaction worth $3,458 on June 30, 2016. A total of 045 shares were purchased at an average price of $76.85. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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).