Why Edison International Stock Rose 10% in October
Shares of electric utility Edison International (NYSE: EIX) rose 10% in October according to data from S&P Global Market Intelligence. The shares started to move higher on Sept. 23 and had gained roughly 23% by the time they peaked on Oct. 23. After that, the stock started to give back some gains, falling roughly 7% from the peak through the end of the month.
The news that appears to have sparked the rally in September was that Southern California Ediso...