NRG Energy Inc. (NRG) Moves Lower on Volume Spike for January 18

Equities Staff  |

NRG Energy Inc. (NRG) traded on unusually high volume on Jan. 18, as the stock lost 2.26% to close at $26.81. On the day, NRG Energy Inc. saw 9.99 million shares trade hands on 46,952 trades. Considering that the stock averages only a daily volume of 5.27 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 $29.78 and $14.52 over the last 52-weeks, its 50-day SMA is now $28.26, and its 200-day SMA $22.80. NRG Energy Inc. has a P/B ratio of 7.17.

NRG Energy Inc is engaged in the utilities sector. Its primary business involves operation of power generation facilities, trading of energy, capacity & related products; transacting in & trading of fuel & transportation services.

Headquartered in Princeton, NJ, NRG Energy Inc. has 8,763 employees and is currently under the leadership of CEO Mauricio Gutierrez.

For a complete fundamental analysis analysis of NRG Energy Inc., check out Equities.com’s Stock Valuation Analysis report for NRG.

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



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