Is Consolidated Edison, Inc. (ED) Stock About to Get Hot Tuesday?

Consolidated Edison, Inc. (ED) stock is up 3.86% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ED Stock Today?

Consolidated Edison, Inc. (ED) stock has risen 1.6% while the S&P 500 is lower by -1.13% as of 2:10 PM on Tuesday, May 24. ED is up $1.56 from the previous closing price of $97.63 on volume of 602,220 shares. Over the past year the S&P 500 is lower by -6.39% while ED is up 26.55%. ED earned $4.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.97. 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.