The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. American Electric Power Company Inc shares valued at $318,435 were purchased by Beasley J Barnie on Aug 01 ’24. At $98.95 per share, Beasley J Barnie acquired 3,218 shares.
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Also, Risch Therace purchased 5,274 shares, netting a total of over 516,747 in proceeds.
Before that, Smyth Antonio P had sold 4,898 shares from its account. In a trade valued at $440,820, the Executive Vice President traded American Electric Power Company Inc shares for $90.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,898 shares, worth approximately $0.62 million.
As published in their initiating research note from Jefferies on September 20, 2024, American Electric Power Company Inc [AEP] has been a Hold and the price target has been revised to $107. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early August. As of June 06, 2024, Ladenburg Thalmann has increased its “Sell” rating to a “Neutral” for AEP. Earlier on March 11, 2024, UBS downgraded its rating. Their new recommendation was “a Sell” for AEP stock which previously was a “a Neutral”.
Analyzing AEP Stock Performance
During the last five days, there has been a drop of approximately -2.45%. Over the course of the year, American Electric Power Company Inc shares have jumped approximately 18.60%. Shares of the company reached a 52-week high of $105.18 on 09/16/24 and a 52-week low of $75.22 on 02/08/24. A 50-day SMA is recorded $100.58, while a 200-day SMA reached $90.98. Nevertheless, trading volume fell to 3.13 million shares from 6.43 million shares the previous day.
Support And Resistance Levels for American Electric Power Company Inc (AEP)
According to the 24-hour chart, there is a support level at 95.46, which, if violated, would cause prices to drop to 94.59. In the upper region, resistance lies at 97.05. The next price resistance is at 97.78. RSI (Relative Strength Index) is 40.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 83.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
