Consolidated Edison Inc (ED) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $33.27 million worth of transactions were on upticks, whereas, the downticks accounted for $26.01 million worth of transactions. The net money flow was a positive $7.26 million and the uptick to downtick ratio was 1.28. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 5.58 in their favor. The net money flow into the stock was $8.84 million. The value of block trades done on downticks was only $1.93 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $10.77 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Consolidated Edison Inc (ED) was trading at $79.99, down $1.56 during day. The stock slid -1.91% over the previous days close. For the week, the stock recorded -0.65% over the previous weeks close.
Consolidated Edison Inc (ED) : 7 investment research analysts covering Consolidated Edison Inc (ED) have an average price target of $69.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $77 and the lowest target is $58 for the short term. Analysts expect the variance to be within $6.7 of the average price. The stock has recorded a 20-day Moving Average of 2.12% and the 50-Day Moving Average is 6.13%.
Consolidated Edison Inc (NYSE:ED): The stock opened at $81.27 on Thursday but the bulls could not build on the opening and the stock topped out at $81.35 for the day. The stock traded down to $79.72 during the day, due to lack of any buying support eventually closed down at $79.99 with a loss of -1.91% for the day. The stock had closed at $81.55 on the previous day. The total traded volume was 2,367,230 shares.
Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and the Competitive Energy Businesses. CECONY delivers electricity, natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north-eastern Pennsylvania. O&Rs utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions, Inc. (Con Edison Solutions); Consolidated Edison Energy, Inc. (Con Edison Energy), and Consolidated Edison Development, Inc. (Con Edison Development).