Edison International (EIX) is facing significant challenges as numerous lawsuits are underway with law firms like Rosen and Schall advocating for investors who have suffered huge losses. The lawsuits claim fraudulent activity prompting shareholders to take action and lead these class actions. These developments have catalysed a massive sell-off by key stakeholders - including Rep. Gilbert Ray Cisneros, resulting in a 12-month low for the stock. EIX's short interest spiked 47.5% in January while the company's rating by JPMorgan Chase & Co. stands at neutral. Moreover, EIX's executive leadership changes have been announced, and the firm earned a consensus rating of \"Moderate Buy\" by brokerages. There's speculation that EIX could be a good dividend stock, yielding 5%, despite having faced harsh adversities such as the California wildfires which caused a 10% slump in stock.
Edison International EIX News Analytics from Wed, 08 Jan 2025 08:00:00 GMT to Sat, 15 Feb 2025 16:45:54 GMT - Rating -8 - Innovation -7 - Information 4 - Rumor -6
