Edison International Down Over 10%, on Track for Lowest Close Since July 2014 -- Data Talk

Edison International (EIX) is currently at $54.84, down $6.16 or 10.1%

-- Would be lowest close since July 31, 2014, when it closed at $54.80

-- Investors fear PG&E Corp. and Edison International face new costs related to the wildfires in northern and southern California. While legislators in the state recently approved a bill that allows utilities to try to recover costs related to fires, Goldman Sachs analyst Michael Lapides said in a note yesterday the law doesn't provide for cost recovery in 2018

-- Currently down three consecutive days; down 21.32% over this period

-- Worst three-day stretch since the three days ending Oct. 9, 2002, when it fell 23.26%

-- Down 20.97% month-to-date

-- Down 13.28% year-to-date; on pace for worst year since 2008, when it fell 39.82%

-- Traded as low as $45.50; lowest intraday level since Jan. 13, 2014, when it hit $45.26

-- Down 25.41% at today's intraday low; largest intraday percent decrease since April 6, 2001 when it fell as much as 40.59%

-- Third-worst performer in the S&P 500 today

All data as of 11:46:16 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 12, 2018 12:14 ET (17:14 GMT)

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