American Electric Power AEP entered into a Director Appointment and Nomination Agreement with Carl C. Icahn, Hunter Gary, Icahn Partners LP, and Hank Linginfelter (collectively the Icahn Group). The Board of directors have agreed to increase the size of the Board from 12 to 14 directors resulting in a total of two vacancies . Mr. Gary (the Icahn Designee) and New Independent Director will fill such vacancies each with a term expiring at the Company’s 2024 Annual Meeting of Shareholders . Andrew J. Teno shall be permitted to be an observer to exclude access to the rights to access the rights of the Company. Andrew Teno will have the right to

Man and a Woman on a Business Meeting
Photo by Artem Podrez courtesy Pexels


exclude the access to materials and meetings under the terms of the Agreement.

Price Summary

On 2024-02-12, the price of American Electric Power Company, Inc. opened at 76.57 and closed at 77.59 making a low of 76.31 and a high of 77.72 and the volume was at 2501100.

The 52-week high for the stock is 94.89 while the 52-week low is 71.33.

Future price for AEP is expected to range between 75.5 and 99.0, with a mean price expectation of about 86.72 as per recommendations from 16 analysts.

Technicals

The current price of 77.59 finds support at 72.19 and resistance at 76.0.

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Support/Resistance for AEP


The PSAR continues its bearish outlook and sets a level of resistance.

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Parabolic Stop and Reverse chart for American Electric Power Company, Inc.