Entergy Corporation (NYSE:ETR) has risen sharply, recording gains of 2.84% in the past 4 weeks. However, the stock has corrected -0.89% 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 1.2% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 11.94% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $82.09 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $78.11 and the 200 Day Moving Average price is recorded at $74.66.
The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 4.86%.
Entergy Corporation (NYSE:ETR): stock turned positive on Friday. Though the stock opened at $80.29, the bulls momentum made the stock top out at $80.92 level for the day. The stock recorded a low of $79.65 and closed the trading day at $80.88, in the green by 0.47%. The total traded volume for the day was 1,123,502. The stock had closed at $80.5 in the previous days trading.
In an insider trading activity, The director, of Entergy Corp /De/, Herman Alexis M had unloaded 1,091 shares at $76.24 per share in a transaction on May 16, 2016. The total value of transaction was $83,178. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.