Shares of Consolidated Edison Inc (ED) Sees Large Inflow of Net Money Flow

Consolidated Edison Inc (ED) : On Tuesday, The money flowed into the Consolidated Edison Inc (ED) stock with an uptick to downtick ratio was recorded at 1.12. Transactions worth $39.66 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $35.44 million. The total money flow into the stock was $4.22 million. The block trades reveal a bullish bias with an up-down ratio of 1.41. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $18.66 million of block transactions on upticks. The value of block trades on downticks was $13.23 million, indicating lower selling interest. The total money flow in block trades was $5.43 million. In terms of price action, Consolidated Edison Inc (ED) traded down $0.18 during the session at $80.2. Compared to the previous days closing, the stock was down only by -0.22%. For the week, the stock is -0.39%, over previous weeks closing.


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 53.81% 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 an insider trading activity, Shukla Saumil P, officer (SVP, Utility Shared Services) of Consolidated Edison Inc, executed a transaction worth $3,458 on June 30, 2016. A total of 045 shares were purchased at an average price of $76.85. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Consolidated Edison, Inc. has dropped 3.55% in the last five trading days, however, the shares have posted positive gains of 2.11% in the last 4 weeks. Consolidated Edison, Inc. is up 4.52% in the last 3-month period. Year-to-Date the stock performance stands at 24.83%.

Consolidated Edison Inc (NYSE:ED): On Tuesdays trading session , Opening price of the stock was $79.66 with an intraday high of $79.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $78.73. However, the stock managed to close at $78.77, a loss of 1.78% for the day. On the previous day, the stock had closed at $80.2. The total traded volume of the day was 2,407,942 shares.

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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