Notable Price Action: Does Companhia Paranaense de Energia (ADR) Have Any Gas After Today’s Significant Decline?

Notable Price Action: Does Companhia Paranaense de Energia (ADR) Have Any Gas After Today's Significant Decline?

The stock of Companhia Paranaense de Energia (ADR) (NYSE:ELP) is a huge mover today! About 690,982 shares traded hands or 32.98% up from the average. Companhia Paranaense de Energia (ADR) (NYSE:ELP) has risen 38.95% since April 8, 2016 and is uptrending. It has outperformed by 33.30% the S&P500.
The move comes after 7 months negative chart setup for the $2.12B company. It was reported on Nov, 10 by Barchart.com. We have $8.90 PT which if reached, will make NYSE:ELP worth $148.40M less.

According to Zacks Investment Research, “Companhia Paranaense de Energia is involved in the Utilities Industry. They are a fully integrated electric power company that is involved in the generation, distributionand transmission of electricity.”

More notable recent Companhia Paranaense de Energia (ADR) (NYSE:ELP) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Benzinga.com with their article: “Mid-Afternoon Market Update: Dow Climbs 250 Points; Impax Labs Shares Down …” published on November 09, 2016, Fool.com published: “Long-Term Opportunities in Brazilian Electric Utililites: Should You Buy?” on February 11, 2014. More interesting news about Companhia Paranaense de Energia (ADR) (NYSE:ELP) were released by: Investorplace.com and their article: “9 Electric Utilities Stocks to Buy Now” published on September 16, 2016 as well as Investorplace.com‘s news article titled: “5 Electric Utilities Stocks to Buy Now” with publication date: January 23, 2015.

ELP Company Profile

Companhia Paranaense de Energia – Copel, incorporated on October 26, 1954, is engaged in the generation, transmission, distribution and sale of electricity primarily in the Brazilian State of Parana. The Firm also provides telecommunications and other services. The Company’s divisions include Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL). The Company’s GET segment includes the generation of electric energy from hydraulic, wind and thermal projects; the transport and transformation of the power generated by the Company, and the construction, operation and maintenance of all power transmission substations and lines. The Company’s DIS segment includes the distribution and sale of electric energy, the operation and maintenance of the distribution infrastructure, and related services. The Company’s TEL segment includes telecommunications and general communications services. The Company’s GAS segment includes the public service of piped natural gas distribution. The Company’s HOL segment includes participation in other companies.

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