I probably made a big mistake buying AWR on a dip on Aug 9th. Its done nothing but go down almost every day since. I realize I bought at a near high at 63.50 but like most people was frustrated with earning nothing in a money market so I thought AWR would be a safe play.
So, I was reading about a stock split on August 15th and was wondering if that actually happened and if its a reason for the drop in price . I did not receive any additional shares but maybe I havnt held it long enough before the split?......Would appreciate any thoughts or info. Thanks
p.s. i did the same thing (bought rather high on AWR before but it was a day trade i did). good news is they raise dividends and it is a pretty non-volatile stock. however, i did have to wait several months for it to go up so i could finally exit the trade. other good news is that this stock does have the capability to grow and move up. my dad had this stock for 10 years and it's a good solid stock and when the S&P is down, doesn't seem to affect it too much. IMO it's a good growth stock, although very hard to exit, low liquidity. so once you're in, it's not always that quick to exit.
What's up....stock split hasn't happened yet. Looks like some time in September. Easy way to check this is in the historical price page. Once it splits the you'll see the difference
Look at the huge gap up prior to the recent decline.....there was no reason for it just like there is no reason it has dropped 8 of the last 9 days. Look back in 10 yearfs. This is not a stock to watch daily. Rising rates does not make the dividend as appetizing as before.
I also think that both AWK and AWR are showing that they are interest rate sensitive because it seems when the 10 year goes up the water stocks go down. I know utilities like low interest rates due to borrowing for infrastructure improvements.
Not to be nit-picky or split hairs, but it's not really accurate to say that there was no reason for the RUN-UP. Equally true, there was indeed a reason for the DROP. There are ALWAYS reasons. Now, they made not be "good" reasons, or "valid" reasons, but there are always reasons. But, otherwise, I agree with you entirely. There was no materially significant reason for either one. The longer term trend of this is UP, as it has been for some time now. The history of the company speaks for itself. And, in my opinion, in the grander scheme of things ,it will only get better from here.