Large Inflow of Money Witnessed in American Electric Power Company

American Electric Power Company (NYSE:AEP) : Wednesdays money flow data in American Electric Power Company (NYSE:AEP) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $19.2 million, whereas, $16.86 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.14, in favor of the bulls. The total money flow into the stock was $2.34 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.14 million. The total value of block trades done on upticks was $2.14 million. American Electric Power Company (NYSE:AEP) fell $0.01 and traded at $68.63, down -0.01% for the day, over previous days close. On a weekly basis, the shares are 2.04% over the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of American Electric Power Co Inc, Mccullough Mark C, had purchased 4,489 shares in a transaction dated on May 25, 2016. The transaction was executed at $63.43 per share with total amount equaling $284,737. Currently the company Insiders own 0.13% of American Electric Power Company shares according to the proxy statements. Institutional Investors own 70.11% of American Electric Power Company shares.

The company shares have rallied 28.80% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $68.65 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $65.65 and the 200 Day Moving Average price is recorded at $63.00. American Electric Power Company (NYSE:AEP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.90 and $68.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.72, notching a gain of 0.12% for the day. The total traded volume was 2,522,403 . The stock had closed at $68.64 on the previous day.

American Electric Power Company, Inc. is a utility holding company. It operates in five segments. The vertically integrated utilities segment generates, transmits and distributes electricity through AEP Generating Company, Appalachian Power Company, Indiana Michigan Power Company, Kingsport Power Company, Kentucky Power Company, Public Service Company of Oklahoma, Southwestern Electric Power Company and Wheeling Power Company. The Transmission and Distribution Utilities segment transmits and distributes electricity through Ohio Power Company, AEP Texas Central Company and AEP Texas North Company. The Generation & Marketing segments subsidiaries consist of nonutility generating assets, a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Transmission Holdco is a holding company for AEPs transmission joint ventures and AEP Transmission Company, LLC. The AEP River Operations segment transports liquid, coal and dry bulk commodities.

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