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. Apollo Commercial Real Estate Finance Inc. shares valued at $167,672 were purchased by ROTHSTEIN STUART on Nov 07. At $11.18 per share, ROTHSTEIN STUART acquired 15,000 shares. The insider’s holdings grew to 452,676 shares worth approximately $5.0 million following the completion of this transaction.
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Also, Carlton Pamela G sold 833 shares, netting a total of over 10,647 in proceeds. Following the sale of shares at $12.78 each, the insider now holds 11,229 shares.
Before that, BIDERMAN MARK C had sold 10,000 shares from its account. In a trade valued at $126,827, the Director traded Apollo Commercial Real Estate Finance Inc. shares for $12.68 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.73 million.
Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early September. As of February 03, 2021, BTIG Research has initiated its “Neutral” rating for ARI. Earlier on January 08, 2020, Credit Suisse initiated its rating. Their recommendation was “a Neutral” for ARI stock.
Analyzing ARI Stock Performance
On Wednesday, Apollo Commercial Real Estate Finance Inc. [NYSE: ARI] plunged -1.60% to $11.05. The stock’s lowest price that day was $10.91, but it reached a high of $11.23 in the same session. During the last five days, there has been a drop of approximately -1.78%. Over the course of the year, Apollo Commercial Real Estate Finance Inc. shares have jumped approximately 2.70%. Shares of the company reached a 52-week high of $12.74 on 02/03/23 and a 52-week low of $10.80 on 01/03/23. A 50-day SMA is recorded $11.61, while a 200-day SMA reached $11.34. Nevertheless, trading volume fell to 0.83 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Apollo Commercial Real Estate Finance Inc. (ARI)
According to the 24-hour chart, there is a support level at 10.90, which, if violated, would cause prices to drop to 10.74. In the upper region, resistance lies at 11.22. The next price resistance is at 11.38. RSI (Relative Strength Index) is 38.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 87.72%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Apollo Commercial Real Estate Finance Inc. subject to short interest?
Stocks of Apollo Commercial Real Estate Finance Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.24 million shares to 5.23 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 5.47 million shares. A decline of -4.59% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.96 of the overall float, the days-to-cover ratio (short ratio) decline to 6.96.
Which companies own the most shares of Apollo Commercial Real Estate Finance Inc. (ARI)?
According to BlackRock Fund Advisors filings, the company currently owns 22,163,226 shares, which is about 15.76% of the total ARI shares outstanding. The investor’s shares have plunged by -107,156 from its previous 13-F filing of 22270382.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $186,836,688. SSgA Funds Management, Inc. acquire a 3.13% interest valued at $65.4 million while Allspring Global Investments LLC purchased a 25,295 stake. A total of 78,221 shares of Apollo Commercial Real Estate Finance Inc. were bought by Geode Capital Management LLC during the quarter, and 56,053 were bought by Charles Schwab Investment Managem. In its current portfolio, Northern Trust Investments, Inc. holds 1,534,097 shares valued at $18.67 million.
In terms of Apollo Commercial Real Estate Finance Inc. share price expectations, FactSet research, analysts set an average price target of $11.63 in the next 12 months, up nearly 4.63% from the previous closing price of $11.23. Analysts anticipate Apollo Commercial Real Estate Finance Inc. stock to reach $12.00 by 2023, with the lowest price target being $11.00. In spite of this, 7 analysts ranked Apollo Commercial Real Estate Finance Inc. stock as a Hold at the end of 2023. On October 22, 2019, JP Morgan assigned a price target of “a Neutral” to the stock and downgraded coverage with a $18.50.