Talen Energy Corporation (NYSE:TLN) has tumbled 1.02% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 8.89% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.17% and the outperformance has advanced to 7.89% for the last 4 weeks period.
Talen Energy Corporation (NYSE:TLN): The stock was completely flat for the day, closing at $13.60 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $13.53, the stock touched an intraday high of $13.68 and a low of $13.53. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $13.60. The total trading volume on Friday was 2,840,116.
On the companys insider trading activities, Farr Paul A, CEO of Talen Energy Corp, executed a transaction worth $66,300 on December 23, 2015. A total of 10,000 shares were purchased at an average price of $6.63. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Barclays, downgrades their rating on the shares of Talen Energy Corporation (NYSE:TLN). Barclays has a Equal-weight rating on the shares. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 0.18% of Talen Energy Corporation shares according to the proxy statements.
Talen Energy Corporation (Talen) is an energy and power generation company in the United States. The Company generates and sells electricity, capacity and related products from a fleet of power plants that uses various fuel sources, such as carbon-free nuclear, natural gas and coal. Its plants are located in PJM (Mid-Atlantic) and ERCOT (Texas), two of the power markets in the United States. The Company also operates approximately three combined-cycle, natural gas-fired power plants with over 2,500 megawatts of generating capacity to its fleet, which are located in New York, western Massachusetts and western Arizona. The Company provides energy and power for homes, and small and large businesses. Talen sells the output of its power plants to regional transmission organizations, independent system operators, utilities, cooperatives, municipalities and power marketers, as well as commercial and industrial, small business and residential customers.