In a filing, American Electric Power Company Inc revealed its Former Director Beasley J Barnie acquired Company’s shares for reported $0.32 million on Aug 01 ’24. In the deal valued at $98.95 per share,3,218 shares were bought.
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Then, Risch Therace bought 5,274 shares, generating $516,747 in total proceeds.
Before that, Smyth Antonio P sold 4,898 shares. American Electric Power Company Inc shares valued at $440,820 were divested by the Executive Vice President at a price of $90.00 per share. As a result of the transaction, Smyth Antonio P now holds 6,446 shares, worth roughly $0.61 million.
Jefferies initiated its American Electric Power Company Inc [AEP] rating to a Hold in a research note published on September 20, 2024; the price target was $107. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early August from “a Neutral” to “an Underperform”. Ladenburg Thalmann also remained covering AEP and has increased its forecast on June 06, 2024 with a “Neutral” recommendation from previously “Sell” rating. UBS revised its rating on March 11, 2024. It rated AEP as “a Sell” which previously was an “a Neutral”.
Price Performance Review of AEP
On Monday, American Electric Power Company Inc [NASDAQ:AEP] saw its stock fall -1.96% to $94.51. Over the last five days, the stock has lost -3.95%. American Electric Power Company Inc shares have risen nearly 16.36% since the year began. Nevertheless, the stocks have risen 22.33% over the past one year. While a 52-week high of $105.18 was reached on 09/16/24, a 52-week low of $74.97 was recorded on 02/08/24. SMA at 50 days reached $100.40, while 200 days put it at $91.16.
Levels Of Support And Resistance For AEP Stock
The 24-hour chart illustrates a support level at 93.72, which if violated will result in even more drops to 92.92. On the upside, there is a resistance level at 95.84. A further resistance level may holdings at 97.16. The Relative Strength Index (RSI) on the 14-day chart is 36.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.38%. Stochastics %K at 12.70% indicates the stock is a buying.
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 2024-10-15, dropping by -1.65 million shares to a total of 6.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.62 million shares. There was a decline of -23.78%, which implies that there is a negative sentiment for the stock.
