American Water Works (AWK) has been under a strong bear grip, hence the stock is down -2.92% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.91% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.53% in the last 1 week, and is up 3.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
American Water Works (NYSE:AWK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.37 and $81.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.84, notching a gain of 2.08% for the day. The total traded volume was 1,386,054 . The stock had closed at $81.15 on the previous day.
The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 5.85%. American Water Works Company, Inc. is up 20.25% in the last 3-month period. Year-to-Date the stock performance stands at 40.07%.
American Water Works Company, Inc. is a water and wastewater utility holding company. Through its subsidiaries, the Company provides drinking water, wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases, municipalities, industrial, commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Companys subsidiaries include Illinois-American Water Company (ILAWC), American Lake Water Company and West Virginia-American Water Company (WVAWC).