Great Plains Energy Inc (GXP) has been under a strong bear grip, hence the stock is down -3.12% 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 0.28% 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 0.89% in the last 1 week, and is up 3.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Great Plains Energy Inc (NYSE:GXP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.12 and $30.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.48, notching a gain of 1.23% for the day. The total traded volume was 761,019 . The stock had closed at $30.11 on the previous day.
The stock has recorded a 20-day Moving Average of 0.47% and the 50-Day Moving Average is 1.03%. Great Plains Energy Incorporated is up 1.12% in the last 3-month period. Year-to-Date the stock performance stands at 13.59%.
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).