Edison International (EIX) stock is lower by 4.56% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Edison International has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EIX!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 EIX Stock Today?
Edison International (EIX) stock is lower by -0.87% while the S&P 500 has risen 0.11% as of 3:41 PM on Friday, Sep 22. EIX is lower by -$0.60 from the previous closing price of $68.90 on volume of 1,309,399 shares. Over the past year the S&P 500 is higher by 14.38% while EIX has risen 3.16%. EIX earned $2.47 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 27.68.
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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.
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