Shares of Edison International (EIX) Drops by -1.27%

Edison International (EIX) has risen sharply, recording gains of 4.13% in the past 4 weeks. However, the stock has corrected -1.27% in the past 1 week, providing a good buying opportunity on dips. Edison International (EIX) : During the past 4 weeks, traders have been relatively bearish on Edison International (EIX), hence the stock is down -0.23% 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 -2.72% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.56% and the 50-Day Moving Average is 5.5%.

Edison International (NYSE:EIX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.33 and $76.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.18, notching a gain of 0.09% for the day. The total traded volume was 1,542,845 . The stock had closed at $77.11 on the previous day.


The company Insiders own 1.51% of Edison International shares according to the proxy statements. Institutional Investors own 82.07% of Edison International shares. During last six month period, the net percent change held by insiders has seen a change of -58.78%. In a related news, Vasquez Gaddi H., officer (Senior Vice President) of Edison International, unloaded 6,842 shares at an average price of $73.83 on June 10, 2016. The total amount of the transaction was worth $505,145, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison Internationals other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC, a subsidiary engaged in distributed generation, has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.

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