American Electric Power Company (AEP)

Shares of American Electric Power (AEP) dropped by 4.49% from $75.22 to $71.84 in the trading on Monday, October 2, 2023. The reason why AEP is down today is due to the appointment of Charles E. Zebula as the new executive vice president and chief financial officer (CFO) of AEP, replacing Ann P. Kelly, who is leaving the company. Investors may be reacting to this leadership change and potential uncertainties associated with it. However, AEP reaffirmed its 2023 operating earnings guidance range and long-term growth rate, indicating confidence in its financial outlook despite the CFO transition.