Cleco Corp. (CNL) is Trading Lower on Unusual Volume for December 30

Equities Staff |

Cleco Corp. (CNL) experienced unusually high volume on Dec. 30, as the stock lost 1.15% to a closing price of $52.38. The stock saw 789,689 shares trade hands over the course of the day on 3,613 trades. Given that the stock’s average daily volume over the last month has been 429,430 shares a day, this represents a pretty substantial spike over the norm.

Cleco Corp. has a P/B ratio of 1.9. It also has a P/E ratio of 24.2. The stock has traded between $55.24 and $48.47 over the last 52-weeks, its 50-day SMA is now $51.50, and its 200-day SMA $52.84.

Cleco Corp is a public utility holding company that owns a vertically integrated electric utility, Cleco Power, which is engaged in the generation, transmission, distribution and sale of electricity in Louisiana.

Headquartered in Pineville, LA, Cleco Corp. has 1,206 employees and is currently under the leadership of CEO Bruce A. Williamson.

For a complete fundamental analysis analysis of Cleco Corp., check out’s Stock Valuation Analysis report for CNL. To see the latest independent stock recommendations from’s analysts, visit our Research section.


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For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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