Scana Corporation (SCG) has been under a strong bear grip, hence the stock is down -1.64% 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 1.02% in the past 1 week. The stock has risen by 1.53% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.77% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.59% and the 50-Day Moving Average is 2.35%.The 200 Day SMA reached 7.07%. SCANA Corp. is up 1.76% in the last 3-month period. Year-to-Date the stock performance stands at 20.47%.
Scana Corporation (NYSE:SCG): After opening at $70.12, the stock dipped to an intraday low of $70.12 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $71.7 and the buying power remained strong till the end. The stock closed at $71.65 for the day, a gain of 2.34% for the day session. The total traded volume was 968,967. The stocks close on the previous trading day was $70.01.
SCANA Corporation is a holding company. SCANA, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through other wholly owned non-regulated subsidiaries, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast, and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations, Gas Distribution, Retail Gas Marketing and All Other. Electric Operations primarily generates, transmits and distributes electricity. Gas Distribution purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers and municipalities. All Other comprises the holding company and its subsidiaries.