Large Inflow of Money Detected in Edison International

Edison International (EIX): $2.61 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.24. The value of trades done on upticks was $13.46 million, whereas, trades done on downticks were valued at $10.86 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $5.09 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.18 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 4.31 was strongly in favor of the bulls. The money flow in block trades was $3.91 million. Edison International (EIX) fell $0.6 traded at $76.51, a change of -0.78% over the previous day. The stock is -0.87% for the week.


Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of Edison International (NYSE:EIX). Jefferies has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $72 per share from a prior target of $66. The rating by the firm was issued on May 3, 2016.

Edison International (NYSE:EIX): The stock opened at $77.06 on Wednesday but the bulls could not build on the opening and the stock topped out at $77.12 for the day. The stock traded down to $76.43 during the day, due to lack of any buying support eventually closed down at $76.51 with a loss of -0.78% for the day. The stock had closed at $77.11 on the previous day. The total traded volume was 872,063 shares.

The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 4.14%. In a related news, Vasquez Gaddi H., officer (Senior Vice President) of Edison International, unloaded 6,842 shares at an average price of $73.83 on June 10, 2016. The total amount of the transaction was worth $505,145, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison Internationals other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC, a subsidiary engaged in distributed generation, has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.

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