American Electric Power Company Inc’s recent filing unveils that 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.
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 $0.67 million.
Guggenheim upgraded its American Electric Power Company Inc [AEP] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid January from “an Underperform” to “a Buy”. Scotiabank also remained covering AEP and has decreased its forecast on December 12, 2024 with a “Sector perform” recommendation from previously “Sector outperform” rating. JP Morgan revised its rating on December 12, 2024. It rated AEP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of AEP
On Friday, American Electric Power Company Inc [NASDAQ:AEP] saw its stock fall -0.48% to $104.68. Over the last five days, the stock has lost -2.80%. American Electric Power Company Inc shares have risen nearly 13.50% since the year began. Nevertheless, the stocks have risen 16.48% over the past one year. While a 52-week high of $110.48 was reached on 04/04/25, a 52-week low of $85.93 was recorded on 01/08/25. SMA at 50 days reached $105.80, while 200 days put it at $100.23.
Levels Of Support And Resistance For AEP Stock
The 24-hour chart illustrates a support level at 103.99, which if violated will result in even more drops to 103.30. On the upside, there is a resistance level at 105.10. A further resistance level may holdings at 105.53. The Relative Strength Index (RSI) on the 14-day chart is 43.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.17%. Stochastics %K at 31.88% indicates the stock is a holding.
The most recent change occurred on September 20, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $107 price target.
