Talen Energy Corporation (NYSE:TLN) : During the past 4 weeks, traders have been relatively bearish on Talen Energy Corporation (NYSE:TLN), hence the stock is down -2.38% 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 -1.19% relative to the S&P 500. The stock has risen by 0.07% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.8% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.44% and the 50-Day Moving Average is 6.17%.
Talen Energy Corporation (NYSE:TLN): stock turned positive on Friday. Though the stock opened at $13.65, the bulls momentum made the stock top out at $13.77 level for the day. The stock recorded a low of $13.62 and closed the trading day at $13.63, in the green by 0.15%. The total traded volume for the day was 1,598,962. The stock had closed at $13.61 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Talen Energy Corp, Farr Paul A, had purchased 10,000 shares in a transaction dated on December 23, 2015. The transaction was executed at $6.63 per share with total amount equaling $66,300.
Talen Energy Corporation (Talen) is an energy and power generation company in the United States. The Company generates and sells electricity, capacity and related products from a fleet of power plants that uses various fuel sources, such as carbon-free nuclear, natural gas and coal. Its plants are located in PJM (Mid-Atlantic) and ERCOT (Texas), two of the power markets in the United States. The Company also operates approximately three combined-cycle, natural gas-fired power plants with over 2,500 megawatts of generating capacity to its fleet, which are located in New York, western Massachusetts and western Arizona. The Company provides energy and power for homes, and small and large businesses. Talen sells the output of its power plants to regional transmission organizations, independent system operators, utilities, cooperatives, municipalities and power marketers, as well as commercial and industrial, small business and residential customers.