Large Outflow of Money Witnessed in Consolidated Edison Inc

Consolidated Edison Inc (ED) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.45 million) and the uptick to downtick ratio was 0.57. The transaction value on upticks was $1.9 million and on downticks, the transaction value was $3.35 million. The transaction value of block trades during downticks was $1.83 million. The money flow was negative ($1.83 million), indicating the traders were booking profit on the price strength. Consolidated Edison Inc (ED) rose $0.22 at $80.11, during intraday Friday , a rise of 0.28% over the previous days close.


Consolidated Edison Inc (ED) : 7 Wall Street analysts covering Consolidated Edison Inc (ED) believe that the average level the stock could reach for the short term is $72. The maximum price target given is $80 and the minimum target for short term is around $58, hence the standard deviation is calculated at $7.42.

Consolidated Edison Inc (NYSE:ED): stock turned positive on Friday. Though the stock opened at $79.79, the bulls momentum made the stock top out at $81.265 level for the day. The stock recorded a low of $79.79 and closed the trading day at $81.18, in the green by 1.61%. The total traded volume for the day was 1,866,473. The stock had closed at $79.89 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman, President & CEO) of Consolidated Edison Inc, Mcavoy John, had purchased 026 shares in a transaction dated on July 15, 2016. The transaction was executed at $79.3 per share with total amount equaling $2,062.

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and the Competitive Energy Businesses. CECONY delivers electricity, natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north-eastern Pennsylvania. O&Rs utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions, Inc. (Con Edison Solutions); Consolidated Edison Energy, Inc. (Con Edison Energy), and Consolidated Edison Development, Inc. (Con Edison Development).

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