On a relative basis, the stock has outperformed the S&P 500 by 4.01% in the past 4 weeks, but has underperformed the S&P 500 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 0.67% in the last 1 week, and is up 5.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 35.43% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $78.72 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $73.81 and the 200 Day Moving Average price is recorded at $68.33.
The stock has recorded a 20-day Moving Average of 4.27% and the 50-Day Moving Average is 7.9%.
Edison International (NYSE:EIX): stock turned positive on Friday. Though the stock opened at $76.73, the bulls momentum made the stock top out at $78.21 level for the day. The stock recorded a low of $76.04 and closed the trading day at $78.17, in the green by 1.47%. The total traded volume for the day was 2,351,346. The stock had closed at $77.04 in the previous days trading.
In an insider trading activity,The officer (Senior Vice President) of Edison International, Vasquez Gaddi H. sold 6,842 shares at $73.83 on June 10, 2016. The Insider selling transaction had a total value worth of $505,145. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison Internationals other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC, a subsidiary engaged in distributed generation, has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.