Shares of Consolidated Edison Inc (ED) Sees Large Inflow of Net Money Flow

Consolidated Edison Inc (ED) : Wednesdays money flow data in Consolidated Edison Inc (ED) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $14.52 million, whereas, $13.28 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.09, in favor of the bulls. The total money flow into the stock was $1.23 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $1.45 million. The total value of block trades done on upticks was $1.45 million. Consolidated Edison Inc (ED) fell $0.31 and traded at $77.54, down -0.4% for the day, over previous days close. On a weekly basis, the shares are -1.45% over the previous weeks close.


Consolidated Edison, Inc. has dropped 1.14% in the last five trading days, however, the shares have posted positive gains of 2.55% in the last 4 weeks. Consolidated Edison, Inc. has dropped 1.57% during the last 3-month period . Year-to-Date the stock performance stands at 23.34%.

Consolidated Edison Inc (ED) : The consensus on Consolidated Edison Inc (ED) based on 9 analyst recommendation on the company stock is 3.14, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Consolidated Edison Inc (NYSE:ED): stock was range-bound between the intraday low of $76.78 and the intraday high of $78.04 after having opened at $77.92 on Wednesdays session. The stock finally closed in the red at $77.92, a loss of -0.87%. The stock remained in the red for the whole trading day. The total traded volume was 1,719,324 shares. The stock failed to cross $78.04 in Wednesdays trading. The stocks closing price on Thursday was $77.85.

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).

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.