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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

€108.74
0.170%
American Electric Power Inc. gained 0.170% compared to yesterday.
The stock is an absolute favorite of our community with 38 Buy predictions and no Sell predictions.
With a target price of 119 € there is a slightly positive potential of 9.44% for American Electric Power Inc. compared to the current price of 108.74 €.
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