Shares of FirstEnergy Corporation (FE) Sees Large Inflow of Net Money Flow

FirstEnergy Corporation (FE) : Investors lapped up stocks on upticks to the tune of $19.92 million in the Wednesdays trading session. The trading value on downticks was comparatively at $16.61 million and the uptick to downtick ratio of 1.2 indicates continuous buying by the bulls. The net money flow into the stock was $3.31 million. The block trades were dominated by the bulls with a healthy 2.26, uptick to downtick ratio. Only $3.53 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $7.97 clearly indicating buying by large investors. The total money flow for block trades stood at $4.44 million, which is a positive for the stock in the long-term. FirstEnergy Corporation (FE) fell $0.13 during the day at $33.54, a drop of -0.39% over the previous days close. However, for the week, the stock is -2.75%, compared to the previous week.


FirstEnergy Corp. has dropped 2.98% in the last five trading days, however, the shares have posted positive gains of 2.88% in the last 4 weeks. FirstEnergy Corp. has dropped 0.83% during the last 3-month period . Year-to-Date the stock performance stands at 9.21%.

FirstEnergy Corporation (FE) : 2 brokerage houses believe that FirstEnergy Corporation (FE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on FirstEnergy Corporation (FE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.45.

FirstEnergy Corporation (NYSE:FE): stock was range-bound between the intraday low of $33.28 and the intraday high of $33.88 after having opened at $33.78 on Wednesdays session. The stock finally closed in the red at $33.78, a loss of -0.39%. The stock remained in the red for the whole trading day. The total traded volume was 3,954,414 shares. The stock failed to cross $33.88 in Wednesdays trading. The stocks closing price on Thursday was $33.67.

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.

Comments (0)

Leave a Reply

Your email address will not be published.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