N R G Energy (NRG) Stock Trades Higher

A $6.74 gap up helped the stock close at almost $50 a share today. N R G Energy (NRG) was on a slump falling below the 50 and 200 day moving averages. The company today rejected Mirant’s (MIR) $8 billion offer to buy out the stock which is why it traded up so heavily. The company is involved in the energy arena and traded almost 19 million shares on the day.

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-- Posted by Blain Reinkensmeyer on June 1, 2006 at 2:18 am --

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