PPL Corporation (PPL) Shares are Down -3.06%

PPL Corporation (PPL) : During the past 4 weeks, traders have been relatively bearish on PPL Corporation (PPL), hence the stock is down -7.12% 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 -3.03% relative to the S&P 500. The 4-week change in the price of the stock is -6.76% and the stock has fallen -3.06% in the past 1 week.

PPL Corporation has dropped 6.5% during the last 3-month period . Year-to-Date the stock performance stands at 5.1%. The stock has recorded a 20-day Moving Average of 4.1% and the 50-Day Moving Average is 6.11%.


PPL Corporation (NYSE:PPL): The stock opened at $35.38 on Friday but the bulls could not build on the opening and the stock topped out at $35.47 for the day. The stock traded down to $34.95 during the day, due to lack of any buying support eventually closed down at $35.15 with a loss of -1.21% for the day. The stock had closed at $35.58 on the previous day. The total traded volume was 4,016,688 shares.

Also, Major Brokerage house, Guggenheim Securities downgrades its ratings on PPL Corporation (NYSE:PPL). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 10, 2016.

PPL Corporation (PPL) is an energy and utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky; generates electricity from power plants in the northeastern, northwestern and southeastern United States, and markets wholesale or retail energy in the northeastern and northwestern parts of the United States. PPL operates in four segments: The U.K. Regulated Segment comprising PPL Global comprising WPD Ltds (WPD) regulated electricity distribution operations; Kentucky Regulated segment comprising the operations of LG&E and KU Energy LLC, which owns and operates regulated public utilities; the Pennsylvania Regulated segment comprising PPL Electric Utilities Corporations operations, and the Supply segment comprising the activities of PPL Energy Supply, LLCs subsidiaries.

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