Is Edison International (EIX) a Stock to Watch After Gaining 2.19% This Week?

Edison International (EIX) stock is higher by 2.19% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Edison International has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EIX!

See Full EIX Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With EIX Stock Today?

Edison International (EIX) stock is up 0.53% while the S&P 500 is lower by -0.25% as of 10:51 AM on Wednesday, Nov 24. EIX is up $0.35 from the previous closing price of $65.52 on volume of 270,850 shares. Over the past year the S&P 500 is higher by 30.79% while EIX is up 2.68%. EIX earned $2.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 32.81. To screen for more stocks like Edison International click here.

More About Edison International

Edison International is the parent company of Southern California Edison, an electric utility that supplies power to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy. Click Here to get the full Stock Report for Edison International stock.