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Why PPL's Stock is Down During Today's Session

March 9, 2021 9:59 am
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The Price And Volume Action In PPL's Stock Today

PPL (NYSE:PPL) is currently down 2.97% to a price of $27.41. The stock's current volume for the day is 235.55 thousand, which is approximately 5.13% of its previous 30-day average volume of 4.59 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: PPL shares are trading lower after Wolfe Research downgraded the stock from Outperform to Peer Perform and announced a price target of $29 per share.

Further Analysis of Recent Price Action

The 50-day moving average price of PPL's stock was $27.75 when this article was published. The stock reached a high of $31.71 and a low of $18.12 in the past 52 weeks.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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