Large Inflow of Money Detected in Consolidated Edison Inc

Consolidated Edison Inc (ED) : On Monday, The money flowed into the Consolidated Edison Inc (ED) stock with an uptick to downtick ratio was recorded at 1.32. Transactions worth $49.81 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $37.79 million. The total money flow into the stock was $12.02 million. The block trades reveal a bullish bias with an up-down ratio of 3.66. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $18.37 million of block transactions on upticks. The value of block trades on downticks was $5.02 million, indicating lower selling interest. The total money flow in block trades was $13.35 million. In terms of price action, Consolidated Edison Inc (ED) traded down $1.88 during the session at $76.24. Compared to the previous days closing, the stock was down only by -2.41%. For the week, the stock is -1.94%, over previous weeks closing.


Consolidated Edison, Inc. has lost 1.82% in the last five trading days and dropped 3.68% in the last 4 weeks. Consolidated Edison, Inc. is up 3.01% in the last 3-month period. Year-to-Date the stock performance stands at 20.82%.

Consolidated Edison Inc (NYSE:ED): The stock opened at $78.00 on Monday but the bulls could not build on the opening and the stock topped out at $78.27 for the day. The stock traded down to $76.09 during the day, due to lack of any buying support eventually closed down at $76.24 with a loss of -2.41% for the day. The stock had closed at $78.12 on the previous day. The total traded volume was 3,167,671 shares.

In a related news, Oates Joseph P, officer (SVP, Corporate Shared Services) of Consolidated Edison Inc, executed a transaction worth $561 on July 31, 2016. A total of 007 shares were purchased at an average price of $80.16. 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. (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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