In a filing, Apple Hospitality REIT Inc revealed its Director Woolley Howard E. acquired Company’s shares for reported $15967.0 on Feb 27 ’24. In the deal valued at $15.97 per share,1,000 shares were bought. As a result of this transaction, Woolley Howard E. now holds 12,753 shares worth roughly $0.21 million.
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Then, Perkins Elizabeth bought 1,750 shares, generating $27,614 in total proceeds. Upon buying the shares at $15.78, the SVP & Chief Financial Officer now owns 226,044 shares.
Before that, KNIGHT GLADE M bought 5,000 shares. Apple Hospitality REIT Inc shares valued at $75,338 were divested by the Executive Chairman at a price of $15.07 per share. As a result of the transaction, KNIGHT GLADE M now holds 573,109 shares, worth roughly $9.32 million.
BofA Securities downgraded its Apple Hospitality REIT Inc [APLE] rating to a Neutral from a a Buy in a research note published on January 08, 2024; the price target was decreased to $18 from $19. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal weight”. Wolfe Research began covering APLE with “Peer perform” recommendation on September 28, 2023. Wells Fargo revised its rating on March 30, 2023. It rated APLE as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of APLE
On Monday, Apple Hospitality REIT Inc [NYSE:APLE] saw its stock fall -1.33% to $16.26. Over the last five days, the stock has lost -1.28%. Apple Hospitality REIT Inc shares have fallen nearly -2.11% since the year began. Nevertheless, the stocks have risen 17.75% over the past one year. While a 52-week high of $17.85 was reached on 01/05/24, a 52-week low of $13.62 was recorded on 02/13/24. SMA at 50 days reached $16.30, while 200 days put it at $15.87. A total of 1.05 million shares were traded, compared to the trading of 1.46 million shares in the previous session.
Levels Of Support And Resistance For APLE Stock
The 24-hour chart illustrates a support level at 16.15, which if violated will result in even more drops to 16.04. On the upside, there is a resistance level at 16.48. A further resistance level may holdings at 16.70. The Relative Strength Index (RSI) on the 14-day chart is 46.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.38%. Stochastics %K at 46.85% indicates the stock is a holding.
How much short interest is there in Apple Hospitality REIT Inc?
A steep rise in short interest was recorded in Apple Hospitality REIT Inc stocks on Feb 29, 2024, dropping by -1.31 million shares to a total of 12.04 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 13.35 million shares. There was a decline of -10.88%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.22% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.75.
