American Electric Power Company (AEP) : Tuesdays money flow data in American Electric Power Company (AEP) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $36.74 million, whereas, $32.97 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.11, in favor of the bulls. The total money flow into the stock was $3.77 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $5.87 million. The total value of block trades done on upticks was $9.94 million. The value of bearish trades on downticks was only $4.08 million.The up/down ratio in the block trades was a healthy 2.44 in favor of the bulls, suggesting strong buying in the stock by large traders. American Electric Power Company (AEP) fell $1.12 and traded at $69.58, down -1.58% for the day, over previous days close. On a weekly basis, the shares are -1.6% over the previous weeks close.
The company Insiders own 0.13% of American Electric Power Company shares according to the proxy statements. Institutional Investors own 70.12% of American Electric Power Company shares. In an insider trading activity, Mccullough Mark C, officer (Executive Vice President) of American Electric Power Co Inc, executed a transaction worth $284,737 on May 25, 2016. A total of 4,489 shares were purchased at an average price of $63.43. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
American Electric Power Co., Inc. has dropped 1.74% in the last five trading days, however, the shares have posted positive gains of 4.08% in the last 4 weeks. American Electric Power Co., Inc. is up 5.84% in the last 3-month period. Year-to-Date the stock performance stands at 21.53%.
American Electric Power Company (NYSE:AEP): On Tuesdays trading session , Opening price of the stock was $70.25 with an intraday high of $70.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $69.51. However, the stock managed to close at $69.58, a loss of 1.58% for the day. On the previous day, the stock had closed at $70.7. The total traded volume of the day was 2,866,106 shares.
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.