American Electric Power Company Inc
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Utilities : Electric Utilities | Large Cap Value
Company profile

American Electric Power Company, Inc. (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company's public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The Company's segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. AEP's vertically integrated utility operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers. Transmission and Distribution Utilities segment consists of the transmission and distribution of electricity for sale to retail and wholesale customers. AEP Transmission Holdco develops, constructs and operates transmission facilities.

Closing Price
$85.37
Day's Change
0.55 (0.65%)
Bid
--
Ask
--
B/A Size
--
Day's High
85.54
Day's Low
84.28
Volume
(Light)
Volume:
2,276,418

10-day average volume:
3,226,737
2,276,418

Kaixin Auto's stock skyrockets on massive volume, has gained 1,270% in four days

1:15 pm ET October 19, 2020 (MarketWatch)
Print

Shares of Kaixin Auto Holdings Inc. (KXIN) skyrocketed 257.5% on massive volume in afternoon trading Monday, to extend the stretch of volatile trading that started last week despite the lack of news announced by the China-based operator of auto dealers. Trading volume exploded to 184.0 million shares, which was already more than triple the previous one-day record for volume of 60.6 million on Oct. 14, and enough to make the stock the most actively traded on the Nasdaq exchange. The company did not immediately respond to a request for comment. The stock has now gained 1,270.3% over the past four sessions. It ran up 55.6% on volume of 55.1 million shares on Friday, tumbled 32.8% on volume of 6.3 million shares on Thursday and soared 266.7% on volume of 60.6 million on Wednesday. In the company's last filing with the Securities and Exchange Commission on Aug. 26, the company said after reexamining its business model it has decided to halt its used-car dealership operations, meaning second-quarter revenue will be "significantly lower" than in prior periods, and that "it may not have meaningful revenue starting in the third quarter of 2020." The stock had closed at a record low of 41 cents on Sept. 8. With the recent rally, the stock has now climbed 295.7% year to date, while the iShares MSCI China ETF (MCHI) has advanced 21.4% and the S&P 500 has gained 7.4%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 19, 2020 13:15 ET (17:15 GMT)

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