Edison International (EIX) : During the past 4 weeks, traders have been relatively bearish on Edison International (EIX), hence the stock is down -4.78% 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 -2.12% relative to the S&P 500. The 4-week change in the price of the stock is -4.42% and the stock has fallen -2.15% in the past 1 week.
Edison International is up 6.61% in the last 3-month period. Year-to-Date the stock performance stands at 26.98%. The stock has recorded a 20-day Moving Average of 2.13% and the 50-Day Moving Average is 2.04%.
Edison International (NYSE:EIX): The stock opened at $74.78 on Friday but the bulls could not build on the opening and the stock topped out at $74.93 for the day. The stock traded down to $73.76 during the day, due to lack of any buying support eventually closed down at $74.21 with a loss of -1.13% for the day. The stock had closed at $75.06 on the previous day. The total traded volume was 1,675,874 shares.
Also, Deutsche Bank maintains their rating on the shares of Edison International (NYSE:EIX). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $77 per share from $76 per share. The rating by the firm was issued on July 29, 2016.
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.