American Water Works Company Inc. ($AWK) Stock Forecast: Down 2.5% Today

What is American Water Works Company Inc.?

American Water Works (AWK) is a leading provider of water and wastewater services in North America. It serves residential, commercial, and industrial customers and is recognized as one of the largest publicly traded water utilities in the region.

Why is American Water Works Company Inc. going down?

AWK stock is down 2.5% on Feb 13, 2024 15:52

• The recent downward movement in AWK stock could be influenced by various factors:
• 1. Short Interest: The decline in the short percent of float indicates a possible reduction in bearish bets on the stock. This suggests a potential change in investor sentiment.
• 2. Earnings Expectations: Anticipation surrounding AWK's upcoming earnings report may have contributed to the bearish movement. Concerns about the company's ability to exceed earnings expectations might have prompted some investors to sell their shares.
• 3. High Chemical Costs: The bearish trend could also be influenced by the impact of high chemical costs on the company's overall profitability. Despite the positive effects of new water rates and acquired assets, the burden of these costs may have raised investor concerns.
• In summary, the recent bearish movement in AWK stock is likely the result of multiple factors, including a decrease in short interest, uncertainties regarding earnings expectations, and potential challenges posed by high chemical costs.

AWK Price Chart

AWK Technical Analysis

AWK News

Peering Into American Water Works's Recent Short Interest - American Water Works ( NYSE:AWK )

American Water Works's AWK short percent of float has fallen 15.19% since its last report. The company recently reported that it has 2.30 million shares sold short, which is 1.34% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/24/02/37077626/peering-into-american-water-workss-recent-short-interest

American Water ( AWK ) to Post Q4 Earnings: What Awaits?

American Water Works' (AWK) fourth-quarter earnings are likely to have benefited from new water rates and contributions from acquired assets. High chemical costs might offset some positives.

https://www.zacks.com/stock/news/2224166/american-water-awk-to-post-q4-earnings-what-awaits

American Water Works ( AWK ) Earnings Expected to Grow: Should You Buy?

American Water Works (AWK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

https://www.zacks.com/stock/news/2222650/american-water-works-awk-earnings-expected-to-grow-should-you-buy

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American Water Works Company Inc. Price History

14.10.2023 - AWK Stock was up 5.1%

• American Water's unit, Pennsylvania American Water, received approval to acquire the Butler Area Sewer Authority wastewater system for $230 million.
• This acquisition is expected to benefit Pennsylvania American Water and ensure high-quality service to customers in the Butler region.
• The bullish movement in AWK's stock may be attributed to the positive news of the approval and expansion of its business through the acquisition.
• Please note that the other articles mentioned are not directly related to the market movement of AWK and should not be considered in the assessment.

02.10.2023 - AWK Stock was up 5.0%

• American Water Works beat analysts' estimates for third-quarter profit and revenue.
• The company's efforts to raise prices contributed to its strong financial performance.
• The positive earnings results and revenue growth likely contributed to the bullish movement in AWK stock.
• The market's recognition of the stability and profitability of utility stocks during a potential downturn may have also played a role in the bullish movement.

03.10.2023 - AWK Stock was up 5.4%

• American Water's Q3 earnings and revenues surpassed estimates, benefiting from warm and dry weather in its service territories.
• The company's efforts to raise prices in its drinking water and wastewater management services contributed to the positive financial results.
• The bullish case for utility stocks in a potential downturn is gaining traction, as they offer a stable and boring profile that investors may find attractive.
• The bond market signaling a potential recession may have also led investors to seek out safer investments like utility stocks.

13.01.2024 - AWK Stock was down 2.5%

• The recent downward movement in AWK stock could be influenced by various factors:
• 1. Short Interest: The decline in the short percent of float indicates a possible reduction in bearish bets on the stock. This suggests a potential change in investor sentiment.
• 2. Earnings Expectations: Anticipation surrounding AWK's upcoming earnings report may have contributed to the bearish movement. Concerns about the company's ability to exceed earnings expectations might have prompted some investors to sell their shares.
• 3. High Chemical Costs: The bearish trend could also be influenced by the impact of high chemical costs on the company's overall profitability. Despite the positive effects of new water rates and acquired assets, the burden of these costs may have raised investor concerns.
• In summary, the recent bearish movement in AWK stock is likely the result of multiple factors, including a decrease in short interest, uncertainties regarding earnings expectations, and potential challenges posed by high chemical costs.