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Edison International (EIX) Plunged Due To California Wildfire

Edison International (EIX) sank sharply during the first half hour of trade Tuesday, but settled into a range for the rest of the session. Shares finished with a loss of 10.26 at $70.00 on the highest volume of the year. The stock plunged to over an 11-month low.

Edison International sold off due to the wildfire that is spreading through southern California. The cause of the fire has yet to be determined, but utilities can be held responsible for property damage in the state if they are found liable.

by RTTNews Staff Writer

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