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 $6.0 million.
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 $0.74 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 jump 0.54% to $11.07. Over the last five days, the stock has gained 1.19%. Apollo Commercial Real Estate Finance Inc shares have fallen nearly -5.71% since the year began. Nevertheless, the stocks have risen 22.19% 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 $11.04, while 200 days put it at $10.94. A total of 0.53 million shares were traded, compared to the trading of 75795.0 shares in the previous session.
Levels Of Support And Resistance For ARI Stock
The 24-hour chart illustrates a support level at 11.01, which if violated will result in even more drops to 10.95. On the upside, there is a resistance level at 11.13. A further resistance level may holdings at 11.18. The Relative Strength Index (RSI) on the 14-day chart is 50.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.64%. Stochastics %K at 32.97% 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 Mar 15, 2024, growing by 0.25 million shares to a total of 3.64 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.39 million shares. There was a rise of 6.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.55% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.56.
