Large Inflow of Money Witnessed in Eversource Energy

Eversource Energy (ES) : On Thursday, The money flowed into the Eversource Energy (ES) stock with an uptick to downtick ratio was recorded at 1.73. Transactions worth $25.71 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $14.85 million. The total money flow into the stock was $10.86 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $10.71 million of block transactions on upticks. The total money flow in block trades was $10.71 million. In terms of price action, Eversource Energy (ES) traded down $0.89 during the session at $59.35. Compared to the previous days closing, the stock was down only by -1.48%. For the week, the stock is -0.6%, over previous weeks closing.


Eversource Energy (ES) : The highest level Eversource Energy (ES) is projected to reach is $59 for the short term and the lowest estimate is at $55. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $57.63 and the possibility the share price can swing is $1.69. The stock has recorded a 20-day Moving Average of 2.85% and the 50-Day Moving Average is 4.99%.

Eversource Energy (NYSE:ES): The stock opened at $60.18 on Thursday but the bulls could not build on the opening and the stock topped out at $60.23 for the day. The stock traded down to $59.08 during the day, due to lack of any buying support eventually closed down at $59.35 with a loss of -1.48% for the day. The stock had closed at $60.24 on the previous day. The total traded volume was 1,856,421 shares.

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.

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