Edison International (NYSE:EIX) traded today at a new 52-week high of $68.95. So far today approximately 67,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.
Potential upside of 0.1% exists for Edison International, based on a current level of $68.72 and analysts’ average consensus price target of $68.80.
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.
In the past 52 weeks, shares of Edison International have traded between a low of $54.14 and a high of $68.95 and is now at $68.72, which is 27% above that low price.
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