Large Outflow of Money Witnessed in FirstEnergy Corporation

FirstEnergy Corporation (NYSE:FE) traded higher in the last at $34.14, gaining 0.15 points or 0.44%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-9.42) million. The composite uptick value of $7.21 million was eclipsed by the accrued downtick value of $16.63 million, thereby ensuring the up/down ratio of 0.43. For the week, the shares have posted returns of 1.31%.A block trade registered during the day has revealed $0.82 million in upticks and $10.21 million in downticks. The up/down ratio in this case turned out to be 0.08. The net money flow for the block trade was $(-9.39) million.

Shares of FirstEnergy Corp. rose by 1.75% in the last five trading days and 6.66% for the last 4 weeks. FirstEnergy Corp. has dropped 3.07% during the last 3-month period . Year-to-Date the stock performance stands at 10.45%.

Currently the company Insiders own 0.2% of FirstEnergy Corporation shares according to the proxy statements. Institutional Investors own 76.97% of FirstEnergy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 10.08%. . On the companys insider trading activities, Strah Steven E, officer (Sr VP & President FE Utilities) of Firstenergy Corp, had purchased 560 shares on March 14, 2016. The total value of the transaction was $19,930. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

FirstEnergy Corporation (NYSE:FE) rose 0.88% or 0.3 points on Friday and made its way into the gainers of the day. After trading began at $33.98 the stock was seen hitting $34.29 as a peak level and $33.86 as the lowest level. The stock ended up at $34.29. The daily volume was measured at 3,059,078 shares. The 52-week high of the share price is $36.54 and the 52-week low is $28.89. The company has a market cap of $14,563 million.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.

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