Before its formation, the public power company that Exelon traces its roots back to traded flat in the single-to-low double digits from inception through 1997. Following its incorporation in 1999 through mid-2008, Exelon stock soared to a new all-time high over $90/share. Commodity deflation and systemic risk crushed Exelon, along with the rest of the energy and utility space, to settle near $50 per share near the end of 2008.
Stabilized energy prices and lower interest rates helped the utility sector stabilize following a difficult September and October. On October 31st, Exelon closed at $54.24 and on November 28th, the utility operator closed at $56.21, representing a 3.6% increase.
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