American Water Earnings Continue Their Steady Climb
American Water Works (NYSE: AWK) released fourth-quarter and full-year 2021 results after the market close on Wednesday, Feb. 16.
Shares of the U.S. water and wastewater utility giant rose 1.2% on heavier-than-average volume on Thursday. That gain is small but it was a nice bump for a utility stock on a day that the S&P 500 index dropped 2.1%. The market's poor performance was driven by heightening Russia-Ukraine tensions.
It seems likely that American Water stock's small gain was in part a positive reaction to the company's earnings release and in part due to market dynamics. The market dynamics involved a flight to safety, which is a relatively common reaction when geopolitical tensions flare.
Source Fool.com
