Duke Energy Corporation (DUK) has been under a strong bear grip, hence the stock is down -1.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.24% 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 1.86% in the last 1 week, and is up 4.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Duke Energy Corporation (NYSE:DUK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.25 and $85.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $86.50, notching a gain of 1.29% for the day. The total traded volume was 2,226,854 . The stock had closed at $85.40 on the previous day.
The stock has recorded a 20-day Moving Average of 1.79% and the 50-Day Moving Average is 5.73%. Duke Energy Corporation is up 13.5% in the last 3-month period. Year-to-Date the stock performance stands at 23.73%.
Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities, International Energy and Commercial Power. The Companys Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Companys International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power, natural gas, and natural gas liquids outside the United States. The Companys Commercial Power builds, develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.