Sunday, June 26, 2022

Director MALKIN ANTHONY E purchased 25,200 shares of APi Group Corporation [APG]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. APi Group Corporation shares valued at $364,644 were purchased by MALKIN ANTHONY E on Jun 17. At $14.47 per share, MALKIN ANTHONY E acquired 25,200 shares. The insider’s holdings grew to 18,900 shares worth approximately $0.27 million following the completion of this transaction.

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Also, MALKIN ANTHONY E purchased 12,600 shares, netting a total of over 182,322 in proceeds. Following the buying of shares at $14.47 each, the insider now holds 34,396 shares.

Before that, Becker Russell A. had added 112 shares to its account. In a trade valued at $2,486, the PRESIDENT AND CEO bought APi Group Corporation shares for $22.20 each. Upon closing the transaction, the insider’s holdings increased to 112 shares, worth approximately $11611.6.

As published in their initiating research note from JP Morgan on June 17, 2022, APi Group Corporation [APG] has been a Neutral and the price target has been revised to $17. This represents a 15.88% premium over Wednesday’s closing price. Analysts at RBC Capital Mkts started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late March. As of March 22, 2022, BofA Securities has initiated its “Neutral” rating for APG. Earlier on January 10, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for APG stock which previously was a “an Outperform”.

Analyzing APG’s Price Performance

On Wednesday, APi Group Corporation [NYSE: APG] plunged -0.69% to $14.30. The stock’s lowest price that day was $14.13, but it reached a high of $14.47 in the same session. During the last five days, there has been a drop of approximately -9.09%. Over the course of the year, APi Group Corporation shares have dropped approximately -44.51%. Shares of the company reached a 52-week high of $26.84 on 01/04/22 and a 52-week low of $14.13 on 06/22/22. A 50-day SMA is recorded $17.64, while a 200-day SMA reached $21.11. Nevertheless, trading volume fell to 1.25 million shares from 1.22 million shares the previous day.

Support And Resistance Levels for APi Group Corporation (APG)

According to the 24-hour chart, there is a support level at 14.13, which, if violated, would cause prices to drop to 13.96. In the upper region, resistance lies at 14.47. The next price resistance is at 14.64. RSI (Relative Strength Index) is 26.52 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.00, which suggests the price will decrease in the coming days. Percent R is at 95.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of APi Group Corporation (APG)?

According to Viking Global Investors LP filings, the company currently owns 33,463,200 shares, which is about 14.35% of the total APG shares outstanding. The investor’s shares have appreciated by 129,867 from its previous 13-F filing of 33333333.0 shares. With the completion of the sale, The Vanguard Group, Inc.’s stake is now worth $284,060,244. BlackRock Fund Advisors reduced a -0.52% interest valued at $209.56 million while Allspring Global Investments LLC sold a -134,869 stake. A total of -2,000 shares of APi Group Corporation were sold by Fidelity Investments Canada ULC during the quarter, and -37,814 were sold by ClearBridge Investments LLC. In its current portfolio, Permian Investment Partners LP holds 5,659,822 shares valued at $98.76 million.

On December 21, 2021, Citigroup assigned a price target of “a Buy” to the stock and resumed coverage with a $28.

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