Hawaiian Electric Industries (HE) Shares are Down -3.39%

Hawaiian Electric Industries (HE) : During the past 4 weeks, traders have been relatively bearish on Hawaiian Electric Industries (HE), hence the stock is down -13.93% 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 -3.98% relative to the S&P 500. The 4-week change in the price of the stock is -8.11% and the stock has fallen -3.39% in the past 1 week.

Hawaiian Electric Industries (NYSE:HE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.76 and $30.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.38, notching a gain of 2.12% for the day. The total traded volume was 993,203 . The stock had closed at $30.73 on the previous day.


The stock has recorded a 20-day Moving Average of 3.44% and the 50-Day Moving Average is 4.45%. Hawaiian Electric Industries Inc. has dropped 0.97% during the last 3-month period . Year-to-Date the stock performance stands at 10.6%.

Hawaiian Electric Industries, Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its wholly owned subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Electric utility segment is involved in the business of generating, purchasing, transmitting, distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *