Shares of Consolidated Edison Inc (ED) Drops by -1.53%

Consolidated Edison Inc (ED) has risen sharply, recording gains of 1.68% in the past 4 weeks. However, the stock has corrected -1.53% in the past 1 week, providing a good buying opportunity on dips. Consolidated Edison Inc (ED) : During the past 4 weeks, traders have been relatively bearish on Consolidated Edison Inc (ED), hence the stock is down -2.57% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.98% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 4%.

Consolidated Edison Inc (NYSE:ED): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.14 and $78.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.15, notching a gain of 0.04% for the day. The total traded volume was 1,753,842 . The stock had closed at $79.12 on the previous day.


The company Insiders own 0.16% of Consolidated Edison Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.75% . Institutional Investors own 53.74% of Consolidated Edison Inc shares. During last six month period, the net percent change held by insiders has seen a change of 2.74%. In a related news, Mcavoy John, director officer (Chairman, President & CEO) of Consolidated Edison Inc had purchased 026 shares on July 15, 2016 in a transaction. The price per share was $79.3 and the total amount of the disclosed transaction was $2,062.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.

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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