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Is American Electric Power Company Inc (AEP) a Stock to Watch After Gaining 1.74% This Week?

Wednesday, November 22, 2023 02:58 PM | InvestorsObserver Analysts

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Is American Electric Power Company Inc (AEP) a Stock to Watch After Gaining 1.74% This Week?

The market has been high on American Electric Power Company Inc (AEP) stock recently. AEP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
American Electric Power Company Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AEP!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AEP Stock Today?

American Electric Power Company Inc (AEP) stock is down -0.24% while the S&P 500 has risen 0.34% as of 2:55 PM on Wednesday, Nov 22. AEP has fallen -$0.18 from the previous closing price of $78.04 on volume of 1,450,121 shares. Over the past year the S&P 500 is higher by 15.29% while AEP has fallen -16.41%. AEP earned $4.35 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.88. To screen for more stocks like American Electric Power Company Inc click here.

More About American Electric Power Company Inc

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million retail customers in 11 states. About 43% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (19%), nuclear (7%), and demand response (4%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings. Click Here to get the full Stock Report for American Electric Power Company Inc stock.

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