Edison International Surges to 389th in Trading Volume Despite Stock Decline

Generated by AI AgentAinvest Volume Radar
Wednesday, Jun 4, 2025 8:00 pm ET1min read

On June 4, 2025,

(EIX) saw a significant increase in trading volume, with a total of $236 million in shares exchanged, marking a 31.36% rise from the previous day. This surge placed Edison International at the 389th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Edison International declined by 2.93%.

Southern California Edison, a subsidiary of Edison International, has agreed to pay $82.5 million to settle claims related to damages caused by the 2020 Bobcat Fire. This settlement comes after the U.S. government filed a lawsuit against Southern California Edison in 2023, alleging that the company's infrastructure contributed to the spread of the fire.

Morgan Stanley has adjusted its price target for Edison International, lowering it from $53.00 to $52.00. The firm also maintained an "underweight" rating for the company, indicating a bearish outlook on its stock performance.

Bronstein, Gewirtz & Grossman, LLC has initiated an investigation into Edison International, encouraging stockholders to learn more about the potential legal actions against the company. This investigation could have implications for the company's stock price and investor sentiment.

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