American Electric (AEP) Offering Possible 8.7% Return Over the Next 21 Calendar Days

American Electric's most recent trend suggests a bearish bias. One trading opportunity on American Electric is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 8.7% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $87.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for American Electric is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for American Electric is bearish.

The RSI indicator is at 27.44 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for American Electric

SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS AEP, BAYRY, COG, FE INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits
Thu, 27 Aug 2020 02:50:00 +0000
NEW ORLEANS, Aug. 26, 2020 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending deadlines in the following securities class action lawsuits: Bayer Aktiengesellschaft (BAYRY) Class Period: 5/23/2016 – 3/19/2019 Lead Plaintiff Motion Deadline: September 14, 2020 SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/otc-bayry/FirstEnergy Corp. (FE) Class Period: 2/21/2017 – 7/21/2020 Lead Plaintiff Motion Deadline: September 28, 2020 SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nyse-fe/ Cabot Oil & Gas Corporation (COG) Class Period: 10/23/2015 – 6/12/2020 Lead Plaintiff Motion Deadline: October 13, 2020 SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nyse-cog/American Electric Power, Inc. (AEP) Class Period: 11/2/2016 – 7/24/2020 Lead Plaintiff Motion Deadline: October 19, 2020 SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nyse-aep/ If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner, Lewis Kahn, toll-free at 1-877-515-1850, via email (Lewis.Kahn@KSFcounsel.com), or via the case links above.If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.About KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.To learn more about KSF, you may visit www.ksfcounsel.com.Contact:Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com 1-877-515-1850 1100 Poydras St., Suite 3200 New Orleans, LA 70163

Lawsuits Filed Against AYX, BIDU and AEP – Jakubowitz Law Pursues Shareholders Claims
Wed, 26 Aug 2020 23:30:00 +0000
NEW YORK, NY / ACCESSWIRE / August 26, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against STAAR Surgical, Baidu, Alteryx, and American Electric Power and Encourages Investors to Contact the Firm
Wed, 26 Aug 2020 23:00:00 +0000
NEW YORK, Aug. 26, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of STAAR Surgical Company (NASDAQ: STAA), Baidu, Inc. (NASDAQ: BIDU), Alteryx, Inc. (NYSE: AYX), and American Electric Power Company, Inc. (“AEP) (NYSE: AEP). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. STAAR Surgical Company (NAASDAQ: STAA)Class Period: February 26, 2020 to August 10, 2020Lead Plaintiff Deadline: October 19, 2020STAAR designs, develops, manufactures, and sells implantable lenses for the eye and companion delivery systems used to deliver the lenses into the eye. STAAR’s primary products are: (1) “implantable Collamer® lenses,” or “ICLs,” used in refractive surgery; and (2) intraocular lenses, or “IOLs,” used in cataract surgery.On August 5, 2020, after the markets closed, STAAR announced its financial results for the quarter ended July 3, 2020, reporting a net loss of $0.03 per share, versus net income of $0.08 per share in the prior year quarter, among other things.On this news, the company’s share price dropped approximately 10%, from a closing share price of $61.81 on August 5, 2020, to a close on August 6, 2020 at $55.86.On August 11, 2020, analyst J Capital Research Limited published a report stating that “[w]e think STAAR Surgical has overstated sales in China by at least one-third, or $21.6 mln. That would mean that all of the company’s $14 mln in 2019 profit is fake.” J Capital stated that the report was based on “over 75 interviews,” as well as visits to STAAR locations in China and Switzerland.On this news, STAAR’s stock price sharply declined, closing at $48.25 on August 11, 2020, down approximately 6.2% from its August 10, 2020 closing price of $51.42.The complaint, filed on August 19, 2020, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts to investors. Specifically, defendants misrepresented and/or failed to disclose to investors that the Company was overstating and/or mischaracterizing: (1) its sales and growth in China; (2) its marketing spend; (3) its research and development expenses; and that as a result of the foregoing, (4) defendants’ public statements were materially false and misleading at all relevant times.For more information on the STAAR class action go to: https://bespc.com/STAABaidu, Inc. (NASDAQ: BIDU)Class Period: April 8, 2016 to August 13, 2020Lead Plaintiff Deadline: October 19, 2020Baidu is the majority owner of iQIYI, Inc. (“iQIYI”).  On April 7, 2020, Wolfpack Research released a report detailing, among other things, how iQIYI had misled investors and failed to disclose pertinent information generally and in its Registration Statement, including: (i) iQIYI overstating its user numbers; (ii) iQIYI inflating its revenues; (iii) iQIYI inflating expenses and prices of assets to conceal its revenue inflation; and (iv) iQIYI misleading financial reporting creating the appearance of a cash generative company.On this news, Baidu’s ADS price fell $4.46 per ADS, or 4%, to close at $97.33 per ADS on April 8, 2020.On August 13, 2020, iQIYI announced that the U.S. Securities & Exchange Commission sought “the production of certain financial and operating records dating from January 1, 2018, as well as documents related to certain acquisitions and investments that were identified in a report issued by short-seller firm Wolfpack Research in April 2020.”On this news, Baidu’s ADS price fell $7.83 per ADS, or 6%, to close at $116.74 per ADS on August 14, 2020.The complaint, filed on August 19, 2020, alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Baidu misrepresented the financial and business condition of iQIYI; (2) iQIYI had inadequate controls; and (3) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.For more information on the Baidu securities class action case go to: https://bespc.com/BIDUAlteryx, Inc. (NYSE: AYX) Class Period: March 6, 2020 to August 6, 2020Lead Plaintiff Deadline: October 19, 2020On August 6, 2020, the Company announced in a press release its second quarter 2020 financial results, and disappointing growth projections for the third quarter and full year 2020. Therein, Alteryx stated that, for the third quarter, it expected revenue “to be in the range of $111.0 million to $115.0 million, an increase of 7% to 11% year-over-year.” Moreover, for fiscal year 2020, the Company expected revenue “to be in the range of $460.0 million to $465.0 million, an increase of 10% to 11% year-over-year.”On this news, the Company’s share price fell $47.62, or over 28%, to close at $121.38 per share on August 7, 2020, thereby injuring investors. The stock price continued to decline over the next trading session by $12.15, or 10%, to close at $109.23 per share on August 10, 2020, representing a cumulative decline of $59.77, or 35%.The complaint, filed on August 20, 2020, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that the Company was unable to close large deals within the quarter and deals were pushed out to subsequent quarters or downsized; (2) that, as a result, Alteryx increasingly relied on adoption licenses to attract new customers; (3) that, as a result and due to the nature of adoption licenses, the Company’s revenue was reasonably likely to decline; and (4) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.For more information on the Alteryx securities class action case go to: https://bespc.com/AYX-2American Electric Power Company, Inc. (“AEP”) (NYSE: AEP) Class Period: November 2, 2016 and July 24, 2020Lead Plaintiff Deadline: October 19, 2020On July 25, 2020, the Columbus Dispatch published an article titled “Columbus utility giant AEP funded dark money spending in HB 6 campaign,” reporting on the Company’s actions in connection with “campaigns now at the center of a racketeering and bribery case . . . .”On this news, shares of AEP shares fell $4.79 per share, or over 5%, to close at $83.26 per share on July 27, 2020, the next trading day.The complaint, filed on August 20, 2020, alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company covertly participated in the “the largest public corruption case in Ohio history”; (2) the Company secretly funneled substantial funds to Ohio political organizations and politicians to bribe politicians to pass Ohio House Bill 6, which benefited the Company and its coal-fired generation assets; (3) the Company partially funded a massive, misleading advertising campaign in support of HB6 and in opposition to a ballot initiative to repeal HB6 by passing substantial sums through a web of dark money entities and front companies in order to conceal the Company’s involvement; (4) the Company aided in subverting a citizens’ ballot initiative to repeal HB6; (5) as a result of the foregoing, defendants’ Class Period statements regarding the Company’s regulatory and legislative efforts were materially false and misleading; (6) as a result of the foregoing, the Company would face increased scrutiny; (7) the Company was subject to undisclosed risk of reputational, legal and financial harm; (8) the bribery scheme would jeopardize the benefits the Company sought by HB6; (9) as opposed to the Company’s repeated public statements regarding a move to clean energy, it sought a dirty energy bailout; (10) as opposed to the Company’s repeated public statements regarding protection of its customers’ interests, the Company sought an extra and state-mandated surcharge on its customers’ bills; and (11) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.For more information on the AEP securities class action case go to: https://bespc.com/AEPAbout Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes. Contact Information: Bragar Eagel & Squire, P.C. Melissa Fortunato, Esq. Marion Passmore, Esq. (212) 355-4648 investigations@bespc.com www.bespc.com

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of KODK, AEP and QTT
Wed, 26 Aug 2020 17:45:00 +0000
NEW YORK, NY / ACCESSWIRE / August 26, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies.

AEP Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies American Electric Power, Inc. Shareholders of Class Action and Encourages Investors to Contact the Firm
Wed, 26 Aug 2020 17:00:00 +0000
New York, New York–(Newsfile Corp. – August 26, 2020) – Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against American Electric Power, Inc. ("AEP" or the "Company") (NYSE: AEP) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired AEP securities between November 2, 2016 and July 24, 2020, inclusive (the "Class Period"). Such investors are encouraged to join this case by …

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