As the session draws to a close, the Oklahoma-based electric utility provider is recovering but is not all the way back to $38.14 after dipping down to $37.64 today.
Core Retail Sales in United States fell short of market expectations (-0.3%) with a reading of -0.8%, continuing the decline from the previous figure of 0%. Highly important Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1%. Highly important Producer Price Index data from United States beat analyst expectations of 0.1% with a reading of -0.5%.
Following today's trading session, chart analysis suggests OGE Energy Corp. could begin to recover as it approaches significant support, now 56 cents away from $37.31. Dipping below could be an indication that further losses are ahead.
In the meantime, negative performances are also seen in other utilities stocks as NextEra Energy is down to $77.85, losing 1.27%, after ending yesterday at $78.85.
The Oklahoma-based electric utility provider has recovered 12.97% since descending to a significant low of $33.76 around 5 months ago.
