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Is Consolidated Edison, Inc. (ED) a Stock to Watch After Losing -0.57% This Week?

Monday, July 18, 2022 02:52 PM | InvestorsObserver Analysts
Is Consolidated Edison, Inc. (ED) a Stock to Watch After Losing -0.57% This Week?

The market has been high on Consolidated Edison, Inc. (ED) stock recently. ED gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Consolidated Edison, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ED!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ED Stock Today?

Consolidated Edison, Inc. (ED) stock is trading at $92.40 as of 2:48 PM on Monday, Jul 18, a drop of -$0.95, or -1.02% from the previous closing price of $93.35. The stock has traded between $91.77 and $93.32 so far today. Volume today is light. So far 739,998 shares have traded compared to average volume of 1,801,994 shares. To see InvestorsObserver's Sentiment Score for Consolidated Edison, Inc. click here.

More About Consolidated Edison, Inc.

Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York-including New York City-and small parts of New Jersey. The two utilities generate roughly 90% of Con Ed's earnings. The other 10% of earnings comes from investments in renewable energy projects and gas and electric transmission. Click Here to get the full Stock Report for Consolidated Edison, Inc. stock.

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