Consolidated Edison Inc. ($ED) Stock Forecast: Down 5.2% Today

What is Consolidated Edison Inc.?

Consolidated Edison, Inc. (NYSE:ED) is a utilities provider that serves customers in New York City and surrounding areas. It is known for its reliable electricity and gas services.

Why is Consolidated Edison Inc. going down?

ED stock is down 5.2% on Oct 3, 2023 11:32

• The stock of Consolidated Edison, Inc. (ED) experienced a strong bearish movement today.
• Signet Financial Management LLC acquired additional shares of ED during the second quarter, indicating confidence in the company.
• The news articles do not provide a clear reason for the bearish movement, but it could be attributed to general market sentiment or other external factors not mentioned in the provided news articles.
• It is important to keep an eye on any further developments or news that may impact the stock's movement in the future.

ED Price Chart

ED News

Kellanova, Devon Energy fall; Discover Financial, Sphere Entertainment rise, Monday, 10/02/2023

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday : Kellanova, down $3.80 to $52.04. The company, which sells cereals overseas, got off to a bumpy start on its first day of trading after splitting off from Kellogg’s North American cereal business. Sphere Entertainment Co., up $5.59 to $42.75. The company’s Sphere entertainment venue opened over the weekend in Las Vegas with the first of a series of concerts from U2. Tesla Inc., down 62 cents to $249.60. Deliveries of electric vehicles surged 27% over the summer from last year, but still fell below analyst projections. Discover Financial Services, up $4.97 to $91.60. The company gave details about a consent order it received from the Federal Deposit Insurance Corp. requiring Discover Bank to improve its consumer compliance system. Tilray Brands Inc., down 13 cents to $2.26. The cannabis company completed its acquisition of eight beer brands from Anheuser-Busch, expanding reach in the craft brew industry.

https://wnyt.com/business-news/kellanova-devon-energy-fall-discover-financial-sphere-entertainment-rise-monday-10-02-2023/

Consolidated Edison, Inc. (NYSE:ED) Shares Acquired by Signet Financial Management LLC

… during the period. Signet Financial Management LLC’s holdings … during the period. Patriot Financial Group Insurance Agency LLC acquired … the period. Finally, Marshall Financial Group LLC lifted its … the second quarter. Marshall Financial Group LLC now owns …

https://www.etfdailynews.com/2023/09/26/consolidated-edison-inc-nyseed-shares-acquired-by-signet-financial-management-llc/

Signet Financial Management LLC Boosts Stake in Consolidated Edison, Inc. (NYSE:ED)

Signet Financial Management LLC grew its position in shares of Consolidated Edison, Inc. (NYSE:ED – Free Report) by 24.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,405 shares of the utilities provider’s stock after acquiring an additional 1,252 shares during the period. Signet Financial Management LLC’s […]

https://reporter.am/2023/09/26/signet-financial-management-llc-boosts-stake-in-consolidated-edison-inc-nyseed.html

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Consolidated Edison Inc. Price History

19.06.2023 - ED Stock was up 0.7%

• Consolidated Edison (ED) reported strong earnings for the 2nd Quarter of 2023, which contributed to the bullish movement in the stock.
• The company's positive earnings growth prospects and ability to increase shareholders' value also attracted investors, further driving the bullish market movement.
• The upcoming earnings report announcement on August 3rd may have generated anticipation and positive sentiment among investors, leading to the bullish movement in the stock.