Edison International ( (EIX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Edison International shares are sliding as investors sell off utilities amid a jump in Treasury yields and oil prices spiking above $100 after U.S.-Iran talks broke down. The move out of defensive names is putting extra pressure on the stock today.
The drop is deepened by lingering worries over wildfire-related legal risks that continue to hang over the company. Recent analyst downgrades have added to the negative sentiment, warning that the stock could still fall about 17% compared with peers.
More about Edison International
YTD Price Performance: 29.56%
Average Trading Volume: 3,409,737
Technical Sentiment Signal: Buy
Current Market Cap: $29.15B
For further insights into EIX stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.