Shares of American Electric Power Company (AEP) Drops by -1.51%

American Electric Power Company (AEP) has risen sharply, recording gains of 3.62% in the past 4 weeks. However, the stock has corrected -1.51% in the past 1 week, providing a good buying opportunity on dips. American Electric Power Company (AEP) : During the past 4 weeks, traders have been relatively bearish on American Electric Power Company (AEP), hence the stock is down -0.72% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.96% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.17% and the 50-Day Moving Average is 4.6%.

American Electric Power Company (NYSE:AEP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.44 and $69.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.64, notching a gain of 0.37% for the day. The total traded volume was 2,264,316 . The stock had closed at $69.38 on the previous day.


The company Insiders own 0.13% of American Electric Power Company shares according to the proxy statements. Institutional Investors own 70.09% of American Electric Power Company shares. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Executive Vice President) of American Electric Power Co Inc, Mccullough Mark C had purchased shares worth of $284,737 in a transaction dated on May 25, 2016. A total of 4,489 shares were purchased at a price of $63.43 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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