FirstEnergy Corp. (FE) Moves Higher on Volume Spike for March 15

Equities Staff  |

FirstEnergy Corp. (FE) traded on unusually high volume on Mar. 15, as the stock gained 0.05% to close at $41.23. On the day, FirstEnergy Corp. saw 10.68 million shares trade hands on 26,642 trades. Considering that the stock averages only a daily volume of 5.33 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $41.78 and $32.93 over the last 52-weeks, its 50-day SMA is now $39.19, and its 200-day SMA $36.79. FirstEnergy Corp. has a P/B ratio of 3.24. It also has a P/E ratio of 20.4.

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.

Headquartered in Akron, OH, FirstEnergy Corp. has 12,494 employees and is currently under the leadership of CEO Charles E. Jones.

For a complete fundamental analysis analysis of FirstEnergy Corp., check out’s Stock Valuation Analysis report for FE.

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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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