Consolidated Edison Inc (ED) : During the past 4 weeks, traders have been relatively bearish on Consolidated Edison Inc (ED), hence the stock is down -5.62% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.32% relative to the S&P 500. The 4-week change in the price of the stock is -3.27% and the stock has fallen -2.91% in the past 1 week.
Consolidated Edison Inc (NYSE:ED): The stock opened at $78.45 on Friday but the bulls could not build on the opening and the stock topped out at $78.64 for the day. The stock traded down to $77.66 during the day, due to lack of any buying support eventually closed down at $77.75 with a loss of -1.32% for the day. The stock had closed at $78.79 on the previous day. The total traded volume was 1,965,606 shares.
The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 0.42%. Consolidated Edison, Inc. is up 5.79% in the last 3-month period. Year-to-Date the stock performance stands at 23.21%.
Consolidated Edison Inc (ED) : The highest level Consolidated Edison Inc (ED) is projected to reach is $80 for the short term and the lowest estimate is at $58. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $72.57 and the possibility the share price can swing is $7.39.
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).