Entergy Corporation (ETR) : Traders are bullish on Entergy Corporation (ETR) as it has outperformed the S&P 500 by a wide margin of 2.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.64%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.17% in the last 1 week, and is up 0.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0% and the 50-Day Moving Average is 0.74%.The 200 Day SMA reached 6.26% Entergy Corporation is up 0.85% in the last 3-month period. Year-to-Date the stock performance stands at 18.74%.
Entergy Corporation (ETR) : The most positive equity analysts on Entergy Corporation (ETR) expects the shares to touch $88, whereas, the least positive believes that the stock will trade at $59 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $79.93 with an expected fluctuation of $9.83 from the mean.
Company shares have received an average consensus rating of Hold for the current week Entergy Corporation (NYSE:ETR): The stock opened at $77.36 and touched an intraday high of $78.56 on Friday. During the day, the stock corrected to an intraday low of $77.15, however, the bulls stepped in and pushed the price higher to close in the green at $78.47 with a gain of 1.08% for the day. The total traded volume for the day was 1,407,811. The stock had closed at $77.63 in the previous trading session.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.