American Electric Power Company (AEP) : Fridays money flow data in American Electric Power Company (AEP) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $27.32 million, whereas, $16.09 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.7, in favor of the bulls. The total money flow into the stock was $11.24 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $11.17 million. The total value of block trades done on upticks was $11.17 million. American Electric Power Company (AEP) fell $0.16 and traded at $64.41, down -0.25% for the day, over previous days close. On a weekly basis, the shares are -0.43% over the previous weeks close.
The company Insiders own 0.13% of American Electric Power Company shares according to the proxy statements. Institutional Investors own 69.09% of American Electric Power Company shares.
In a related news, Mccullough Mark C, officer (Executive Vice President) of American Electric Power Co Inc had purchased 4,489 shares on May 25, 2016 in a transaction. The price per share was $63.43 and the total amount of the disclosed transaction was $284,737.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
American Electric Power Company (NYSE:AEP): The stock opened at $64.57 and touched an intraday high of $65.37 on Friday. During the day, the stock corrected to an intraday low of $64.48, however, the bulls stepped in and pushed the price higher to close in the green at $65.24 with a gain of 1.29% for the day. The total traded volume for the day was 2,209,510. The stock had closed at $64.41 in the previous trading session.
American Electric Power Company (AEP) has been under a strong bear grip, hence the stock is down -3.72% 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 0.34% in the past 1 week. The stock has risen by 0.85% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.85% in the past 4 weeks.
American Electric Power Company, Inc. is a utility holding company. It operates in five segments. The vertically integrated utilities segment generates, transmits and distributes electricity through AEP Generating Company, Appalachian Power Company, Indiana Michigan Power Company, Kingsport Power Company, Kentucky Power Company, Public Service Company of Oklahoma, Southwestern Electric Power Company and Wheeling Power Company. The Transmission and Distribution Utilities segment transmits and distributes electricity through Ohio Power Company, AEP Texas Central Company and AEP Texas North Company. The Generation & Marketing segments subsidiaries consist of nonutility generating assets, a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Transmission Holdco is a holding company for AEPs transmission joint ventures and AEP Transmission Company, LLC. The AEP River Operations segment transports liquid, coal and dry bulk commodities.