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Why American Water Works Stock Shot Up 14.5% in July

Why American Water Works Stock Shot Up 14.5% in July

What happened Shares of American Water Works (NYSE: AWK) rallied 14.5% in July, according to data provided by S&P Global Market Intelligence. As a typically defensive utility stock, the water and wastewater services company found favor with investors even as fears of COVID-19 pandemic's impact on global economies loomed large.