Shares of Consolidated Edison Inc. ED, -0.45% sank 0.45% to $99.87 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.99% rising 1.99% to 4,057.84 and the Dow Jones Industrial Average DJIA, +1.61% rising 1.61% to 32,637.19. This was the stock’s second consecutive day of losses. Consolidated Edison Inc. closed $0.89 short of its 52-week high ($100.76), which the company achieved on May 25th.
The stock underperformed when compared to some of its competitors Thursday, as Dominion Energy Inc. D, -0.09% fell 0.09% to $84.58, Exelon Corp. EXC, +0.29% rose 0.29% to $49.16, and WEC Energy Group Inc. WEC, -0.39% fell 0.39% to $105.40. Trading volume (1.5 M) remained 313,995 below its 50-day average volume of 1.8 M.