🔴 EDN is trading 2.5% down today on profit-taking after a credit rating upgrade

EDN is trading at $25.04 (-2.55%) as the stock gives back a portion of its recent gains following a positive credit rating action.

• S&P Global Ratings upgraded Edenor’s issuer credit rating to raAA- from raA+ on June 29; while the upgrade improved credit standing, it appears to have triggered profit-taking following the initial sharp move.
• The current decline follows a significant 4.90% gain on June 29, suggesting a technical reversal and consolidation rather than a response to new negative catalysts.
• With broader U.S. markets trading mixed-to-firmer, the move appears to be idiosyncratic to EDN rather than a result of broader market sentiment.