Apollo Commercial Real Estate Finance Inc’s recently made public 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 $5.73 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 $0.7 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 fall -1.67% to $10.58. Over the last five days, the stock has lost -4.43%. Apollo Commercial Real Estate Finance Inc shares have fallen nearly -9.88% since the year began. Nevertheless, the stocks have risen 15.25% over the past one year. While a 52-week high of $12.74 was reached on 01/12/24, a 52-week low of $8.94 was recorded on 02/07/24. SMA at 50 days reached $10.97, while 200 days put it at $10.93. A total of 0.92 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For ARI Stock
The 24-hour chart illustrates a support level at 10.40, which if violated will result in even more drops to 10.23. On the upside, there is a resistance level at 10.80. A further resistance level may holdings at 11.02. The Relative Strength Index (RSI) on the 14-day chart is 40.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.73%. Stochastics %K at 20.28% indicates the stock is a holding.
