On a relative basis, the stock has outperformed the S&P 500 by 0.65% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.24% in the last 1 week, and is up 2.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 40.90% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $47.46 and the one year low was seen on Nov 6, 2015. The 50-Day Moving Average price is $45.52 and the 200 Day Moving Average price is recorded at $42.52.
The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 4.05%.
ITC Holdings (NYSE:ITC): stock turned positive on Friday. Though the stock opened at $46.8, the bulls momentum made the stock top out at $46.96 level for the day. The stock recorded a low of $46.54 and closed the trading day at $46.78, in the green by 0.09%. The total traded volume for the day was 609,999. The stock had closed at $46.74 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & General Counsel) of Itc Holdings Corp., Mason Soneral Christine had sold 8,616 shares worth of $383,757 in a transaction dated May 27, 2016. In this transaction, 8,616 shares were sold at $44.54 per share.
ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.