July 27, 2016 - 6:36 PM EDT
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Utility Stock (SRE) Falls 1.3% on July 27


Sempra Energy (SRE) was one of the weakest stocks in the utilities sector of the NYSE and NASDAQ listed companies on July 27, skidding 1.3% to close the day at $110.9 after closing the day prior at $112.36. Throughout the day, shares of SRE traded as high as $112.55 and as low as $110.0. Today’s decline came with about 1.01 million shares changing hands, compared to an average 30-day volume of 1.19 million for Sempra Energy. The price is currently below the 30-day volume weighted average price of $111.12 for SRE.

The share depreciation gives the company a market capitalization of $28.03 billion based upon 249.5 million shares outstanding. It also means that SRE has a price-to-book ratio of 2.35:1.

In the past 52 weeks, shares of SRE have traded as low as $86.72 and as high as $114.66. Technical traders will take note that at $110.9, shares of SRE are trading above their 200-day MA at $100.39 and above their 50-day MA at $109.3. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is SRE?

Sempra Energy is an energy services holding company, which provides electric, natural gas and other energy products and services to its customers. The company’s 17387 employees are led by CEO Debra L. Reed from the corporate headquarters at 488 8th Avenue in San Diego, CA.

For more information on SRE and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

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Source: Financial Press News (July 27, 2016 - 6:36 PM EDT)

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