Hawaiian Electric Industries (HE) Shares are Down -4.3%

On a relative basis, the stock has outperformed the S&P 500 by 0.37% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -0.17% and the stock has fallen -4.3% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 1.48%.The 200 Day SMA reached 2.43%


Hawaiian Electric Industries (NYSE:HE): The stock opened in the green at $30.51 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $30.57 and a low of $29.8 for the day. The stock did not find buyers even at the lows and closed at $29.85 recording a loss of -1.94%. 719,086 shares exchanged hands during the trading day. The stock had closed at $29.85 in the previous days trading.

Hawaiian Electric Industries, Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its wholly owned subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Electric utility segment is involved in the business of generating, purchasing, transmitting, distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.