Large Inflow of Money Detected in FirstEnergy Corporation

FirstEnergy Corporation (FE) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $9.3 million worth of transactions were on upticks, whereas, the downticks accounted for $7.64 million worth of transactions. The net money flow was a positive $1.66 million and the uptick to downtick ratio was 1.22. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 3.89 in their favor. The net money flow into the stock was $1.88 million. The value of block trades done on downticks was only $0.65 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.52 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. FirstEnergy Corporation (FE) was trading at $36, down $0.18 during day. The stock slid -0.5% over the previous days close. For the week, the stock recorded -0.53% over the previous weeks close.


Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of FirstEnergy Corporation (NYSE:FE). Jefferies has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $35. The rating by the firm was issued on July 7, 2016.

FirstEnergy Corporation (NYSE:FE): The stock opened at $36.18 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.25 for the day. The stock traded down to $35.95 during the day, due to lack of any buying support eventually closed down at $35.98 with a loss of -0.55% for the day. The stock had closed at $36.18 on the previous day. The total traded volume was 2,975,943 shares.

The stock has recorded a 20-day Moving Average of 2.93% and the 50-Day Moving Average is 5.94%. 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.

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