Korea Electric Power is Friday's top mover after declining 2.27%
Leading equity indices in the US declined as after dropping 1.69%, Nasdaq closed at 11,400. Dow Jones lost 1.02% and ended the session at 32,817.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with 's most active utilities stocks listed below.
Edison International | Closed +4.21% at $68.63
The electricity supplier closed at $68.63 after it made its largest daily jump of $2.77 (4.21%) since Jan 4. Edison International hit a significant low of $54.94 around 4 months ago, but has since recovered 19.88%. So far this year, it has performed better than the S&P 500 by 3.43%. Currently, the electricity company has a market capitalization of $26.26 billion with an average daily volume of 1.83 million shares.
Edison International released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.14 per share on revenue of $4 billion, topping estimates of 1.08 per share on revenue of $3 billion. Since the release of its earnings report, Edison International gained 3.67%.
Pacific Gas & Electric | Closed +3.27% at $15.78
After finishing Thursday at $15.28, the gas and electric company went up by 3.27% Friday and remained at the $15.78 level.
The company reported earnings of 0.26 per share Thursday, falling short of expectations of 0.28. Revenue was also lower than expected at $5.37 billion versus $5.50 billion. Although earnings did not match projections, Pacific Gas & Electric gained 1.68% since the release of its earnings report.
Bearish mood pushes Korea Electric Power to session low of $6.87
Friday's session continued down the same path: pronounced bearish market sentiment ensured that South Korea's largest electric utility company made a notable 2.27% loss Friday, declining 16 cents and ultimately closing at $6.88. Korea Electric Power's market cap is currently $8.83 billion with an average daily trading volume of 119,525 shares. So far this year, it has been doing worse than the Nasdaq by 19.81%.