🔴 EDN is trading 2.2% down today as profit-taking extends pullback from rating upgrade rally

EDN is trading 2.2% down at $24.40 as the stock extends its recent pullback following a sharp rally tied to a credit rating upgrade.

• The move appears driven by ongoing profit-taking after S&P Global Ratings raised Edenor’s issuer credit rating to raAA- from raA+ on June 29.
• No new company-specific headlines have emerged today, suggesting the price action is a continuation of the post-rally correction.