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.
Source Fool.com
American Electric Power Inc. Stock
€105.50
0.960%
With 23 Buy predictions and 2 Sell predictions American Electric Power Inc. is one of the favorites of our community.
However, we have a potential of -4.27% for American Electric Power Inc. as the target price of 101 € is below the current price of 105.5 €.
