FirstEnergy Corporation (FE) : Mondays money flow analysis of FirstEnergy Corporation (FE) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $7.23 million. In comparison, the inflow of money on upticks was a meager $4.67 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.56 million. The uptick to downtick ratio of 0.65 in the money flow shows weakness. The downtick transaction value was high at $1.88 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.88 million). FirstEnergy Corporation (FE) gained $0.15 at $33.27, a change of 0.45% over the previous days close.
Shares of FirstEnergy Corp. appreciated by 0.06% during the last five trading days but lost 8.13% on a 4-week basis. FirstEnergy Corp. has dropped 0.3% during the last 3-month period . Year-to-Date the stock performance stands at 7.09%.
FirstEnergy Corporation (NYSE:FE): The stock opened at $33.07 on Monday but the bulls could not build on the opening and the stock topped out at $33.35 for the day. The stock traded down to $32.88 during the day, due to lack of any buying support eventually closed down at $32.89 with a loss of -0.69% for the day. The stock had closed at $33.12 on the previous day. The total traded volume was 3,405,926 shares.
In a related news, Strah Steven E, officer (Sr VP & President FE Utilities) of Firstenergy Corp had purchased 560 shares on March 14, 2016 in a transaction. The price per share was $35.59 and the total amount of the disclosed transaction was $19,930.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.