Large Outflow of Money Witnessed in FirstEnergy Corporation

FirstEnergy Corporation (FE): The stock had negative money flow to the tune of ($11.9 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $17.88 million, whereas, the outflow of money on downticks was $29.78 million and the ratio between the two was 0.6. The block trade had a negative net money flow of ($11.65 million). The total block trade value undertaken on upticks was $2.37 million. On the other hand, downticks amounted to $14.02 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.17. FirstEnergy Corporation (FE) closed with marginal gains of 55 cents to end the day at $36.51, an increase of 1.53% over the previous days close. The stock recorded 0.88% for the week.


FirstEnergy Corporation (FE) : 8 investment research analysts covering FirstEnergy Corporation (FE) have an average price target of $36.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $33 for the short term. Analysts expect the variance to be within $2.33 of the average price.

FirstEnergy Corporation (NYSE:FE): stock turned positive on Friday. Though the stock opened at $35.96, the bulls momentum made the stock top out at $36.585 level for the day. The stock recorded a low of $35.87 and closed the trading day at $36.51, in the green by 1.53%. The total traded volume for the day was 5,033,971. The stock had closed at $35.96 in the previous days trading.

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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