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
€103.50
0.490%
The stock is one of the favorites of our community with 22 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 103 € is below the current price of 103.5 € for American Electric Power Inc., so the potential is actually -0.48%.
