Taking a Closer Look At APi Group Corporation (APG) Following Its Recent Trade


In a filing, APi Group Corporation revealed its Director MALKIN ANTHONY E acquired Company’s shares for reported $0.65 million on Sep 19. In the deal valued at $15.10 per share,43,000 shares were bought. As a result of this transaction, MALKIN ANTHONY E now holds 83,400 shares worth roughly $ 1.97 million.

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Then, MALKIN ANTHONY E bought 21,500 shares, generating $324,650 in total proceeds. Upon buying the shares at $15.10, the Director now owns 77,396 shares.

Before that, MALKIN ANTHONY E bought 3,390 shares. APi Group Corporation shares valued at $50,748 were divested by the Director at a price of $14.97 per share. As a result of the transaction, MALKIN ANTHONY E now holds 51,150 shares, worth roughly $1.21 million.

BofA Securities upgraded its APi Group Corporation [APG] rating to a Buy from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of -2.61 to its Friday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid June with a ‘”a Neutral”‘ rating. RBC Capital Mkts began covering APG with “Sector perform” recommendation on March 25, 2022. BofA Securities started covering the stock on March 22, 2022. It rated APG as “a Neutral”.

Price Performance Review of APG

On Friday, APi Group Corporation [NYSE:APG] saw its stock jump 0.51% to $23.60. On the same session, the stock had its day’s lowest price of $22.98, but rose to a high of $23.80. Over the last five days, the stock has gained 6.50%. APi Group Corporation shares have risen nearly 25.47% since the year began. Nevertheless, the stocks have risen 14.01% over the past one year. While a 52-week high of $23.56 was reached on 02/24/23, a 52-week low of $13.09 was recorded on 01/05/23. SMA at 50 days reached $20.48, while 200 days put it at $17.46. A total of 0.97 million shares were traded, compared to the trading of 1.15 million shares in the previous session.

Levels Of Support And Resistance For APG Stock

The 24-hour chart illustrates a support level at 23.12, which if violated will result in even more drops to 22.64. On the upside, there is a resistance level at 23.94. A further resistance level may holdings at 24.28. The Relative Strength Index (RSI) on the 14-day chart is 72.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.69%. Stochastics %K at 92.89% indicates the stock is a selling.

How much short interest is there in APi Group Corporation?

A steep rise in short interest was recorded in APi Group Corporation stocks on Jan 30, 2023, dropping by -0.77 million shares to a total of 3.88 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.65 million shares. There was a decline of -19.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.77% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.18.

APi Group Corporation [APG] – Who Are The Largest Shareholders?

In filings from Viking Global Investors LP, it is revealed that the company now owns 33,819,567 shares, or roughly 14.46% of the outstanding APG shares. Additionally, The Vanguard Group, Inc. decreased -2.39% of its stake after which the total value it holdings stand at $400,329,185, while BlackRock Fund Advisors added 1.74% of its stake to hold $288.17 million in the firm. Over the last quarter, Allspring Global Investments LLC purchased 593,636 shares of APi Group Corporation, while ClearBridge Investments LLC bought -13,129 shares. At present, Permian Investment Partners LP is holding 6,024,180 shares valued at $133.98 million. Fidelity Investments Canada ULC owned 5,831,287 shares of the company at the time of its most recent 13F filing, worth $129.69 million.

According to FactSet, APi Group Corporation’s share price will average $23.11 in the next year, based on opinions of analysts polled by the firm. This is up nearly 2.21 percent from its previous closing price of $23.48. Analysts expect APi Group Corporation stock to reach the higher price of $26.00, while the lowest price estimate is $17.00. However, 9 analysts have rated APG stock as an Overweight in their predictions for 2023.


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