On August 29, Edison fell 5.51% in regular trading, trading at $69.615/share, with turnover of $274 million. The decline was driven by broad-based selling across the U.S. utility sector, compounded by a recent analyst downgrade.

On the sector front, Electric Utilities experienced significant selling pressure, with peer PG&E Corp plunging 8.66%, Oklo Inc. down 4.58%, NextEra down 1.71%, Constellation Energy down 1.18%, and Southern down 0.91%. The sector-wide weakness amplified downside pressure on Edison.

On the ratings front, Argus Research downgraded Edison International from Buy to Hold on August 26. Additionally, Morgan Stanley lowered its price target to $65 from $69 on August 21, maintaining an Underweight rating. While Ladenburg Thalmann raised its target to $69.50 from $62.50 on August 25, it maintained a Sell rating — notably, the current trading price has now breached that target level.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)