Large Outflow of Money Witnessed in Edison International

Edison International (NYSE:EIX) traded on a positive note gaining 0.11 points or 0.15% to be valued at $74.03 per share. Intraday, the shares aggregated $7.9 million in upticks but saw an exodus of $25.82 million in downticks. The net money flow was calculated to be $(-17.92) million with the final up/down ratio coming in at 0.31. The share price has seen a change of 0.09% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $17.58 million in downticks. The net money flow for the block exchange was disappointing at $(-17.58) Million.

Shares of Edison International rose by 0.22% in the last five trading days and 7.44% for the last 4 weeks. Edison International is up 4.47% in the last 3-month period. Year-to-Date the stock performance stands at 26.03%.

Currently the company Insiders own 1.51% of Edison International shares according to the proxy statements. Institutional Investors own 82.48% of Edison International shares. During last six month period, the net percent change held by insiders has seen a change of -58.78%. . On the companys insider trading activities, The officer (Senior Vice President), of Edison International, Vasquez Gaddi H. had unloaded 6,842 shares at $73.83 per share in a transaction on June 10, 2016. The total value of transaction was $505,145. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Edison International (NYSE:EIX) rose 0.27% or 0.2 points on Friday and made its way into the gainers of the day. After trading began at $73.85 the stock was seen hitting $74.15 as a peak level and $73.22 as the lowest level. The stock ended up at $74.12. The daily volume was measured at 1,522,794 shares. The 52-week high of the share price is $74.46 and the 52-week low is $55.18. The company has a market cap of $24,149 million.

Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison Internationals other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC, a subsidiary engaged in distributed generation, has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.

Comments (0)

Leave a Reply

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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.