Public Service Enterprise Group Incorporated (PEG) Moves Higher on Volume Spike for June 15

Equities Staff  |

Public Service Enterprise Group Incorporated (PEG) traded on unusually high volume on Jun. 15, as the stock gained 0.59% to close at $52.53. On the day, Public Service Enterprise Group Incorporated saw 4.29 million shares trade hands on 16,865 trades. Considering that the stock averages only a daily volume of 2.64 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 $53.33 and $41.67 over the last 52-weeks, its 50-day SMA is now $50.61, and its 200-day SMA $48.76. Public Service Enterprise Group Incorporated has a P/B ratio of 1.88. It also has a P/E ratio of 13.1.

Public Service Enterprise Group Inc operates in the utilities sector. Its primary business involves the production and transmission of power.

Headquartered in Newark, NJ, Public Service Enterprise Group Incorporated has 12,945 employees and is currently under the leadership of CEO Ralph Izzo.

For a complete fundamental analysis analysis of Public Service Enterprise Group Incorporated, check out Equities.com’s Stock Valuation Analysis report for PEG.

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



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