Volatile because of the fed teasing about raising rates. Utilities stocks are rate sensitive. I have owned AWR and AWK for many years. Great long term stocks.
I am in the same boat. I am down $1800 on this dog. I may sell it and at least get a little write off. What a mistake on my part.
Yup, I am one of the fools that bought it at 2.20 and didn't take my losses. Maybe write it off on taxes next year.
Its not this company, all the water stocks are getting hit for fear of rising rates. AWK been getting hammered too. They are buy and hold longterm stocks. I may buy some more as it goes down. Water is never going out of style.
Threat of higher interest rates?, the California drought? Both AWK and AWR have been slipping for awhile now even on up market days. Any thoughts?