Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Apollo Commercial Real Estate Finance Inc shares valued at $458,192 were sold by ROTHSTEIN STUART on Jan 16 ’24. At $11.45 per share, ROTHSTEIN STUART sold 40,000 shares. The insider’s holdings dropped to 541,675 shares worth approximately $5.88 million following the completion of this transaction.
Also, ROTHSTEIN STUART sold 40,000 shares, netting a total of over 403,564 in proceeds. Following the sale of shares at $10.09 each, the insider now holds 490,766 shares.
Before that, BIDERMAN MARK C had sold 10,000 shares from its account. In a trade valued at $106,002, the Director traded Apollo Commercial Real Estate Finance Inc shares for $10.60 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.72 million.
As published in a research note from BofA Securities on March 04, 2024, Apollo Commercial Real Estate Finance Inc [ARI] has been rated down from a Neutral to an Underperform and the price target has been revised to $10.50. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of August 02, 2023, JP Morgan has increased its “an Underweight” rating to a “Neutral” for ARI.
Analyzing ARI Stock Performance
During the last five days, there has been a drop of approximately -1.45%. Over the course of the year, Apollo Commercial Real Estate Finance Inc shares have dropped approximately -7.58%. Shares of the company reached a 52-week high of $12.00 on 01/12/24 and a 52-week low of $10.36 on 02/07/24. A 50-day SMA is recorded $10.99, while a 200-day SMA reached $10.94. Nevertheless, trading volume fell to 0.79 million shares from 1.5 million shares the previous day.
Support And Resistance Levels for Apollo Commercial Real Estate Finance Inc (ARI)
According to the 24-hour chart, there is a support level at 10.72, which, if violated, would cause prices to drop to 10.58. In the upper region, resistance lies at 10.94. The next price resistance is at 11.02. RSI (Relative Strength Index) is 45.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 72.64%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Apollo Commercial Real Estate Finance Inc subject to short interest?
Stocks of Apollo Commercial Real Estate Finance Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.25 million shares to 3.64 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.39 million shares. A jump of 6.87% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.56.
