RTTNews | Jan 14, 2022 12:52PM EST

12:51 Friday, January 14, 2022 (RTTNews.com) - New Jersey-based American Water Works Company, Inc. (AWK) is trading 4% lower on the market after the company announced a $4 million investment in a water treatment plant.

The company said on Thursday that it is planning to invest $4 million on an Ultraviolet disinfection treatment plant. The company wants to install 2 new UV reactors which will be able to disinfect 6 million gallons of water a day.

The stock is trading at $161.68, down $6.40 or 3.81% since the previous close at $168.09. The stock opened at $167.83 in the morning. In the 52-week period, the stock has ranged between $131.01 and $189.65 per share.

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