Shares of American Electric Power Company, Inc. (AEP) are falling around 3 percent in Wednesday morning trading after the company announced the pricing of a registered underwritten offering of about 20.5 million shares of its common stock for $127.00 per share.
The company's stock is currently trading at $127.05, down 3.68 percent or $4.85, over the previous close of $131.94 on the Nasdaq. It has traded between $97.46 and $139.44 in the past year.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.