ITC Holdings (ITC) Shares are Down -0.8%

ITC Holdings (ITC) : During the past 4 weeks, traders have been relatively bearish on ITC Holdings (ITC), hence the stock is down -0.76% 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 -1.3% relative to the S&P 500. The 4-week change in the price of the stock is -0.89% and the stock has fallen -0.8% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 0.72%.The 200 Day SMA reached 8.74%. ITC Holdings Corp. is up 1.94% in the last 3-month period. Year-to-Date the stock performance stands at 18.35%.


ITC Holdings (NYSE:ITC): After opening at $45.53, the stock dipped to an intraday low of $45.53 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $45.99 and the buying power remained strong till the end. The stock closed at $45.83 for the day, a gain of 0.61% for the day session. The total traded volume was 804,705. The stocks close on the previous trading day was $45.55.

ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.

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