The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Apollo Global Management Inc shares valued at $49,817,790 were sold by BLACK LEON D on Mar 19 ’24. At $110.71 per share, BLACK LEON D sold 450,000 shares. The insider’s holdings dropped to 42,604,773 shares worth approximately $4.57 billion following the completion of this transaction.
Also, KLEINMAN SCOTT sold 175,345 shares, netting a total of over 19,384,143 in proceeds. Following the sale of shares at $110.55 each, the insider now holds 4,692,393 shares.
Before that, KLEINMAN SCOTT had sold 32,235 shares from its account. In a trade valued at $3,564,454, the insider traded Apollo Global Management Inc shares for $110.58 each. Upon closing the transaction, the insider’s holdings decreased to 32,235 shares, worth approximately $11.88 million.
Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. Earlier on October 09, 2023, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for APO stock which previously was a “an Outperform”.
Analyzing APO Stock Performance
During the last five days, there has been a drop of approximately -5.06%. Over the course of the year, Apollo Global Management Inc shares have jumped approximately 15.14%. Shares of the company reached a 52-week high of $117.15 on 04/09/24 and a 52-week low of $89.76 on 01/03/24. A 50-day SMA is recorded $110.98, while a 200-day SMA reached $93.88. Nevertheless, trading volume fell to 1.53 million shares from 2.21 million shares the previous day.
Support And Resistance Levels for Apollo Global Management Inc (APO)
According to the 24-hour chart, there is a support level at 106.37, which, if violated, would cause prices to drop to 105.44. In the upper region, resistance lies at 108.30. The next price resistance is at 109.30. RSI (Relative Strength Index) is 40.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.67, which suggests the price will decrease in the coming days. Percent R is at 86.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
