Great Plains Energy Inc (GXP) Shares are Down -1.09%

Great Plains Energy Inc (GXP) : During the past 4 weeks, traders have been relatively bearish on Great Plains Energy Inc (GXP), hence the stock is down -8.06% 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 -1.06% relative to the S&P 500. The 4-week change in the price of the stock is -7.71% and the stock has fallen -1.09% in the past 1 week.

Great Plains Energy Incorporated has dropped 8.36% during the last 3-month period . Year-to-Date the stock performance stands at 4.83%. The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 5.36%.


Great Plains Energy Inc (NYSE:GXP): The stock opened at $28.26 on Friday but the bulls could not build on the opening and the stock topped out at $28.29 for the day. The stock traded down to $27.93 during the day, due to lack of any buying support eventually closed down at $28.13 with a loss of -0.99% for the day. The stock had closed at $28.41 on the previous day. The total traded volume was 1,840,059 shares.

Also, In a research note released to the investors, JP Morgan maintains its rating on Great Plains Energy Inc (NYSE:GXP).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, JP Morgan raises the new price target from $31 per share to $32 per share. The rating by the firm was issued on July 15, 2016.

Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company. The Company does not own or operate any assets other than the stock of its subsidiaries. The Companys wholly owned direct subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas. KCP&L has one active wholly owned subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO has two active wholly owned subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant).

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