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. Aptiv PLC shares valued at $638,674 were sold by CLARK KEVIN P on Jan 05. At $95.83 per share, CLARK KEVIN P sold 6,665 shares. The insider’s holdings dropped to 552,572 shares worth approximately $64.34 million following the completion of this transaction.
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Also, CLARK KEVIN P sold 6,665 shares, netting a total of over 635,453 in proceeds. Following the sale of shares at $95.34 each, the insider now holds 559,237 shares.
Before that, CLARK KEVIN P had sold 6,665 shares from its account. In a trade valued at $646,895, the Chairman and CEO traded Aptiv PLC shares for $97.06 each. Upon closing the transaction, the insider’s holdings decreased to 6,665 shares, worth approximately $65.89 million.
As published in their initiating research note from Barclays on February 15, 2023, Aptiv PLC [APTV] has been an Overweight and the price target has been revised to $150. This represents a 22.37% premium over Thursday’s closing price. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early February. As of January 09, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for APTV. Earlier on November 28, 2022, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for APTV stock which previously was a “an Overweight”.
Analyzing APTV Stock Performance
On Thursday, Aptiv PLC [NYSE: APTV] rose 0.29% to $116.44. The stock’s lowest price that day was $113.84, but it reached a high of $117.7299 in the same session. During the last five days, there has been a drop of approximately -5.39%. Over the course of the year, Aptiv PLC shares have jumped approximately 25.03%. Shares of the company reached a 52-week high of $124.88 on 02/15/23 and a 52-week low of $92.02 on 01/03/23. A 50-day SMA is recorded $104.71, while a 200-day SMA reached $98.29. Nevertheless, trading volume fell to 1.42 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Aptiv PLC (APTV)
According to the 24-hour chart, there is a support level at 114.28, which, if violated, would cause prices to drop to 112.11. In the upper region, resistance lies at 118.17. The next price resistance is at 119.89. RSI (Relative Strength Index) is 57.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 63.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Aptiv PLC subject to short interest?
Stocks of Aptiv PLC saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.45 million shares to 3.87 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 4.32 million shares. A decline of -11.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.43 of the overall float, the days-to-cover ratio (short ratio) decline to 2.43.
Which companies own the most shares of Aptiv PLC (APTV)?
According to The Vanguard Group, Inc. filings, the company currently owns 28,701,571 shares, which is about 10.59% of the total APTV shares outstanding. The investor’s shares have appreciated by 354,240 from its previous 13-F filing of 28347331.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,535,087,392. SSgA Funds Management, Inc. reduced a -1.84% interest valued at $1.14 billion while Capital Research & Management Co sold a -1,585,501 stake. A total of 482,613 shares of Aptiv PLC were sold by Massachusetts Financial Services during the quarter, and -772,533 were sold by AllianceBernstein LP. In its current portfolio, Geode Capital Management LLC holds 5,491,324 shares valued at $621.01 million.