FirstEnergy Corporation (FE) : During the past 4 weeks, traders have been relatively bearish on FirstEnergy Corporation (FE), hence the stock is down -10.81% 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 -1.27% relative to the S&P 500. The 4-week change in the price of the stock is -10.46% and the stock has fallen -1.3% in the past 1 week.
FirstEnergy Corp. is up 2.34% in the last 3-month period. Year-to-Date the stock performance stands at 6.44%. The stock has recorded a 20-day Moving Average of 2.88% and the 50-Day Moving Average is 4.08%.
FirstEnergy Corporation (NYSE:FE): The stock opened at $33.06 on Friday but the bulls could not build on the opening and the stock topped out at $33.06 for the day. The stock traded down to $32.54 during the day, due to lack of any buying support eventually closed down at $32.69 with a loss of -1.30% for the day. The stock had closed at $33.12 on the previous day. The total traded volume was 2,638,540 shares.
Also, In a research note released to the investors, Morgan Stanley upgrades its rating on FirstEnergy Corporation (NYSE:FE).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. In a recent information released to the investors, Morgan Stanley raises the new price target from $38 per share to $41 per share. The rating by the firm was issued on August 8, 2016.
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.