Constellation Energy Group Rises On Unusually High Volume (CEG)
Constellation Energy Group (NYSE:CEG) is trading at unusually high volume Monday with 8.7 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 97 cents (+2.7%).
NEW YORK ( TheStreet) -- Constellation Energy Group (NYSE: CEG) is trading at unusually high volume Monday with 8.7 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 97 cents (+2.7%) at $37.12 as of 12:19 p.m. ET. Constellation Energy Group has a market cap of $7.24 billion and is part of the utilities sector and utilities industry. Shares are down 8.9% year to date as of the close of trading on Friday. Constellation Energy Group, Inc. operates as an energy company in the United States and Canada. The company develops, owns, operates, and maintains fossil and renewable generating facilities, as well as manages approximately 1,100 megawatt (MW) associated with long-dated tolling agreements. TheStreet Ratings rates Constellation Energy Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Constellation Energy Group Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.