Large Outflow of Money Witnessed in Consolidated Edison Inc

Consolidated Edison Inc (ED): The stock had negative money flow to the tune of ($3 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $7.37 million, whereas, the outflow of money on downticks was $10.37 million and the ratio between the two was 0.71. The block trade had a negative net money flow of ($2.93 million). The total block trade value undertaken on upticks was $1.35 million. On the other hand, downticks amounted to $4.28 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.32. Consolidated Edison Inc (ED) closed with marginal gains of 11 cents to end the day at $79.26, an increase of 0.13% over the previous days close. The stock recorded -1.4% for the week.


Consolidated Edison, Inc. is up 5.29% in the last 3-month period. Year-to-Date the stock performance stands at 25.29%. Consolidated Edison, Inc. has dropped 1.42% in the last five trading days, however, the shares have posted positive gains of 1.42% in the last 4 weeks. In a related news, Mcavoy John, director officer (Chairman, President & CEO) of Consolidated Edison Inc had purchased 026 shares on July 15, 2016 in a transaction. The price per share was $79.3 and the total amount of the disclosed transaction was $2,062.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Consolidated Edison Inc (NYSE:ED): On Mondays trading session , Opening price of the stock was $79.44 with an intraday high of $79.68. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $78.8726. However, the stock managed to close at $79.06, a loss of 0.11% for the day. On the previous day, the stock had closed at $79.15. The total traded volume of the day was 1,578,080 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).

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