Examining the Potential Price Growth of APi Group Corporation (APG)


APi Group Corporation’s recently made public that its FD Juno Holdings L.P. unloaded Company’s shares for reported $72.24 million on Aug 14. In the deal valued at $27.80 per share,2,598,609 shares were sold. As a result of this transaction, FD Juno Holdings L.P. now holds 0 shares worth roughly $ 0.0.

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Then, Juno Lower Holdings L.P. sold 2,598,609 shares, generating $72,241,330 in total proceeds. Upon selling the shares at $27.80, the now owns 0 shares.

Before that, ASHKEN IAN G H sold 81,316 shares. APi Group Corporation shares valued at $2,287,419 were divested by the Director at a price of $28.13 per share. As a result of the transaction, ASHKEN IAN G H now holds 4,772,666 shares, worth roughly $135.59 million.

Robert W. Baird upgraded its APi Group Corporation [APG] rating to an Outperform from a a Neutral in a research note published on Friday, May 17, 2023; the price target was increased to $29 from $27. PT values the company’s stock at a premium of 2.03 to its Friday closing price.

Price Performance Review of APG

On Friday, APi Group Corporation [NYSE:APG] saw its stock jump 0.92% to $28.41. On the same session, the stock had its day’s lowest price of $28.215, but rose to a high of $28.55. Over the last five days, the stock has gained 3.42%. APi Group Corporation shares have risen nearly 51.04% since the year began. Nevertheless, the stocks have risen 82.70% over the past one year. While a 52-week high of $29.57 was reached on 08/03/23, a 52-week low of $13.09 was recorded on 01/05/23. SMA at 50 days reached $27.81, while 200 days put it at $23.04. A total of 0.57 million shares were traded, compared to the trading of 0.85 million shares in the previous session.

Levels Of Support And Resistance For APG Stock

The 24-hour chart illustrates a support level at 28.23, which if violated will result in even more drops to 28.06. On the upside, there is a resistance level at 28.57. A further resistance level may holdings at 28.73. The Relative Strength Index (RSI) on the 14-day chart is 58.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.70%. Stochastics %K at 80.12% 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 Aug 14, 2023, dropping by -0.27 million shares to a total of 2.72 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.99 million shares. There was a decline of -9.93%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.87.

According to FactSet, APi Group Corporation’s share price will average $32.56 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.68 percent from its previous closing price of $28.15. Analysts expect APi Group Corporation stock to reach the higher price of $37.00, while the lowest price estimate is $28.00. However, 8 analysts have rated APG stock as an Overweight in their predictions for 2023.


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