Aptiv PLC’s recently made public that its SVP & CTO Lyon Benjamin unloaded Company’s shares for reported $1.45 million on Mar 11 ’24. In the deal valued at $77.69 per share,18,680 shares were sold. As a result of this transaction, Lyon Benjamin now holds 95,211 shares worth roughly $7.24 million.
Then, Massaro Joseph R sold 1,900 shares, generating $193,553 in total proceeds. Upon selling the shares at $101.87, the CFO and SVP, Business Ops now owns 206,773 shares.
Before that, CLARK KEVIN P sold 6,665 shares. Aptiv PLC shares valued at $599,717 were divested by the Chairman and CEO at a price of $89.98 per share. As a result of the transaction, CLARK KEVIN P now holds 554,799 shares, worth roughly $42.2 million.
Morgan Stanley downgraded its Aptiv PLC [APTV] rating to an Underweight from a an Equal-weight in a research note published on February 07, 2024; the price target was decreased to $74 from $90. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Neutral”. Piper Sandler also remained covering APTV and has increased its forecast on November 03, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on October 19, 2023. It rated APTV as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of APTV
On Monday, Aptiv PLC [NYSE:APTV] saw its stock jump 1.79% to $76.07. Over the last five days, the stock has lost -3.45%. Aptiv PLC shares have fallen nearly -15.21% since the year began. Nevertheless, the stocks have fallen -27.21% over the past one year. While a 52-week high of $113.60 was reached on 01/02/24, a 52-week low of $71.01 was recorded on 04/05/24. SMA at 50 days reached $79.51, while 200 days put it at $90.07. A total of 3.67 million shares were traded, compared to the trading of 1.89 million shares in the previous session.
Levels Of Support And Resistance For APTV Stock
The 24-hour chart illustrates a support level at 75.09, which if violated will result in even more drops to 74.11. On the upside, there is a resistance level at 77.13. A further resistance level may holdings at 78.20. The Relative Strength Index (RSI) on the 14-day chart is 43.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.27%. Stochastics %K at 12.47% indicates the stock is a buying.
How much short interest is there in Aptiv PLC?
A steep rise in short interest was recorded in Aptiv PLC stocks on Mar 15, 2024, growing by 0.73 million shares to a total of 6.74 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.01 million shares. There was a rise of 10.83%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.81% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.78.
The most recent change occurred on September 13, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $143 price target.
