American Electric Power Company Inc.’s recently made public that its Executive Chair Akins Nicholas K unloaded Company’s shares for reported $0.97 million on May 02. In the deal valued at $92.75 per share,10,491 shares were sold. As a result of this transaction, Akins Nicholas K now holds 125,520 shares worth roughly $ 9.96 million.
Then, Feinberg David Matthew sold 1,616 shares, generating $149,884 in total proceeds. Upon selling the shares at $92.75, the Executive Vice President now owns 8,925 shares.
Before that, Beam Christian T sold 513 shares. American Electric Power Company Inc. shares valued at $47,581 were divested by the Executive Vice President at a price of $92.75 per share. As a result of the transaction, Beam Christian T now holds 4,453 shares, worth roughly $0.35 million.
Barclays initiated its American Electric Power Company Inc. [AEP] rating to an Overweight in a research note published on Friday, August 23, 2023; the price target was $88. PT values the company’s stock at a premium of 9.85 to its Friday closing price.
Price Performance Review of AEP
On Friday, American Electric Power Company Inc. [NASDAQ:AEP] saw its stock jump 0.63% to $79.33. On the same session, the stock had its day’s lowest price of $78.85, but rose to a high of $79.81. Over the last five days, the stock has gained 0.39%. American Electric Power Company Inc. shares have fallen nearly -16.45% since the year began. Nevertheless, the stocks have fallen -22.73% over the past one year. While a 52-week high of $105.60 was reached on 01/09/23, a 52-week low of $77.80 was recorded on 08/21/23. SMA at 50 days reached $83.46, while 200 days put it at $89.41. A total of 1.88 million shares were traded, compared to the trading of 2.79 million shares in the previous session.
Levels Of Support And Resistance For AEP Stock
The 24-hour chart illustrates a support level at 78.85, which if violated will result in even more drops to 78.37. On the upside, there is a resistance level at 79.81. A further resistance level may holdings at 80.29. The Relative Strength Index (RSI) on the 14-day chart is 36.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.48%. Stochastics %K at 31.10% indicates the stock is a holding.
How much short interest is there in American Electric Power Company Inc.?
A steep rise in short interest was recorded in American Electric Power Company Inc. stocks on Aug 14, 2023, growing by 3.14 million shares to a total of 9.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.64 million shares. There was a rise of 32.11%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.74.
According to FactSet, American Electric Power Company Inc.’s share price will average $95.90 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.78 percent from its previous closing price of $78.83. Analysts expect American Electric Power Company Inc. stock to reach the higher price of $113.00, while the lowest price estimate is $74.50. However, 21 analysts have rated AEP stock as an Overweight in their predictions for 2023.