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Why Alphabet Stock Popped on Monday


Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock, the parent company to Google, skipped 2.6% higher through noon ET Monday after announcing it has signed a "special, joint contract" with Indiana Michigan Power (I), a subsidiary of electric utility company American Electric Power (NASDAQ: AEP).

AEP stock is up 1.2%.

Image source: Getty Images.

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Source Fool.com

American Electric Power Inc. Stock

€96.00
1.280%
American Electric Power Inc. gained 1.280% today.
Our community is currently high on American Electric Power Inc. with 17 Buy predictions and 3 Sell predictions.
With a target price of 100 € there is a slightly positive potential of 4.17% for American Electric Power Inc. compared to the current price of 96.0 €.
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