Large Inflow of Money Witnessed in Edison International

Edison International (NYSE:EIX) : Edison International (NYSE:EIX) had a healthy money flow of $2.74 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $23.62 million, whereas, investors only sold shares worth $20.88 million on downticks. The stock closed the day with an up-down ratio of 1.13.The money flow in the block trades to the tune of $3.96 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $8.58 million worth of transactions were on upticks. A paltry $4.62 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.86. Edison International (NYSE:EIX) stock slid $0.08 intraday and traded at 75.96, a change of -0.11% over previous days close. However, for the week, the company shares are 1.84% compared to previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Vasquez Gaddi H., officer (Senior Vice President) of Edison International, had unloaded 6,842 shares at an average price of $73.83 in a transaction dated on June 10, 2016. The total value of the transaction was worth $505,145. Currently the company Insiders own 1.51% of Edison International shares according to the proxy statements. Institutional Investors own 82.08% of Edison International shares. During last six month period, the net percent change held by insiders has seen a change of -58.78%.

The company shares have rallied 34.82% from its 1 Year high price. On Jun 27, 2016, the shares registered one year high at $76.60 and the one year low was seen on Jul 1, 2015. The 50-Day Moving Average price is $72.36 and the 200 Day Moving Average price is recorded at $67.48. Edison International (NYSE:EIX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.19 and $75.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.10, notching a gain of 0.08% for the day. The total traded volume was 2,142,282 . The stock had closed at $76.04 on the previous day.

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.

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