FirstEnergy Corp. (FE) Dips 3.58% for December 17

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday December 17 was FirstEnergy Corp. (FE). The stock experienced a 3.58% decline to $37.72 with 5.64 million shares changing hands.

FirstEnergy Corp. started at an opening price of 39.22 and hit a high of $39.33 and a low of $37.57. Ultimately, the stock took a hit and finished the day at $1.4 per share. FirstEnergy Corp. trades an average of 3.97 million shares a day out of a total 511.45 million shares outstanding. The current moving averages are a 50-day SMA of $37.89 and a 200-day SMA of $35.27. FirstEnergy Corp. hit a high of $39.88 and a low of $29.34 over the last year.

FirstEnergy Corp is one of the largest investor-owned utilities in the United States with 10 distribution utilities serving 6 million customers in six Mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest transmission systems with more than 24,500 miles of lines.

With its headquarters located in Akron, OH, FirstEnergy Corp. employs 15,617 people. After today’s trading, the company’s market cap has fallen to $19.29 billion, a P/S of 1.67, a P/B of 2.84, and a P/FCF of -10.8.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on FirstEnergy Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: FE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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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