Apollo Commercial Real Estate Finance Inc’s recent filing unveils that its President & CEO ROTHSTEIN STUART unloaded Company’s shares for reported $0.46 million on Jan 16 ’24. In the deal valued at $11.45 per share,40,000 shares were sold. As a result of this transaction, ROTHSTEIN STUART now holds 541,675 shares worth roughly $6.14 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, ROTHSTEIN STUART sold 40,000 shares, generating $403,564 in total proceeds. Upon selling the shares at $10.09, the President & CEO now owns 490,766 shares.
Before that, BIDERMAN MARK C sold 10,000 shares. Apollo Commercial Real Estate Finance Inc shares valued at $106,002 were divested by the Director at a price of $10.60 per share. As a result of the transaction, BIDERMAN MARK C now holds 66,485 shares, worth roughly $0.75 million.
BofA Securities downgraded its Apollo Commercial Real Estate Finance Inc [ARI] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. JP Morgan also remained covering ARI and has increased its forecast on August 02, 2023 with a “Neutral” recommendation from previously “an Underweight” rating.
Price Performance Review of ARI
On Monday, Apollo Commercial Real Estate Finance Inc [NYSE:ARI] saw its stock unchanged to $11.33. Over the last five days, the stock has gained 1.71%. Apollo Commercial Real Estate Finance Inc shares have fallen nearly -3.49% since the year began. Nevertheless, the stocks have risen 27.45% over the past one year. While a 52-week high of $12.74 was reached on 01/12/24, a 52-week low of $8.58 was recorded on 02/07/24. SMA at 50 days reached $11.15, while 200 days put it at $10.95. A total of 0.69 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For ARI Stock
The 24-hour chart illustrates a support level at 11.26, which if violated will result in even more drops to 11.18. On the upside, there is a resistance level at 11.48. A further resistance level may holdings at 11.62. The Relative Strength Index (RSI) on the 14-day chart is 55.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.51%. Stochastics %K at 73.56% indicates the stock is a holding.
How much short interest is there in Apollo Commercial Real Estate Finance Inc?
A steep rise in short interest was recorded in Apollo Commercial Real Estate Finance Inc stocks on Feb 29, 2024, growing by 0.66 million shares to a total of 3.99 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.33 million shares. There was a rise of 16.54%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.61.
