Consolidated Edison Inc (ED) Shares are Up 1.04%

Consolidated Edison Inc (ED) has been under a strong bear grip, hence the stock is down -2.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.54% in the past 1 week. The stock has risen by 1.04% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.83% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.06% and the 50-Day Moving Average is 3.11%.The 200 Day SMA reached 5.54%. Consolidated Edison, Inc. is up 1.54% in the last 3-month period. Year-to-Date the stock performance stands at 20.75%.


Consolidated Edison Inc (NYSE:ED): After opening at $74.89, the stock dipped to an intraday low of $74.655 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $75.9 and the buying power remained strong till the end. The stock closed at $75.55 for the day, a gain of 0.89% for the day session. The total traded volume was 1,625,926. The stocks close on the previous trading day was $74.88.

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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