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Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) Reaches $56.45 After 5.00% Up Move; Riverhead Capital Management Raised Its Lyondellbasell Industries Nv (LYB) Stake

The stock of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) is a huge mover today! The stock increased 2.97% or $1.6301 during the last trading session, reaching $56.4501. About 92,253 shares traded or 36.03% up from the average. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) has risen 133.80% since February 6, 2017 and is uptrending. It has outperformed by 117.10% the S&P500.The move comes after 7 months positive chart setup for the $2.84 billion company. It was reported on Feb, 6 by Barchart.com. We have $59.27 PT which if reached, will make NYSE:EDN worth $142.20M more.

Riverhead Capital Management Llc increased Lyondellbasell Industries Nv (LYB) stake by 13.99% reported in 2017Q3 SEC filing. Riverhead Capital Management Llc acquired 4,592 shares as Lyondellbasell Industries Nv (LYB)’s stock declined 12.71%. The Riverhead Capital Management Llc holds 37,407 shares with $3.71 million value, up from 32,815 last quarter. Lyondellbasell Industries Nv now has $44.04 billion valuation. The stock increased 2.64% or $2.87 during the last trading session, reaching $111.64. About 1.96M shares traded or 2.13% up from the average. LyondellBasell Industries N.V. (NYSE:LYB) has risen 0.33% since February 6, 2017 and is uptrending. It has underperformed by 16.37% the S&P500.

Among 2 analysts covering Edenor SA (NYSE:EDN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Edenor SA had 2 analyst reports since October 8, 2015 according to SRatingsIntel. The rating was initiated by Morgan Stanley with “Overweight” on Wednesday, October 5. The stock has “Hold” rating by Santander on Thursday, October 8.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. The company has market cap of $2.84 billion. The firm was formerly known as Empresa Distribuidora Norte Sociedad Anónima and changed its name to Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in June 1996. It has a 38.14 P/E ratio. The firm was founded in 1992 and is based in Buenos Aires, Argentina.

Riverhead Capital Management Llc decreased Gap Inc/The (NYSE:GPS) stake by 77,431 shares to 103,719 valued at $3.06 million in 2017Q3. It also reduced Unitedhealth Group Inc (NYSE:UNH) stake by 13,845 shares and now owns 60,278 shares. Unum Group (NYSE:UNM) was reduced too.

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