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 $423,992 were sold by ROTHSTEIN STUART on Apr 15 ’24. At $10.60 per share, ROTHSTEIN STUART sold 40,000 shares. The insider’s holdings dropped to 415,292 shares worth approximately $4.37 million following the completion of this transaction.
Also, ROTHSTEIN STUART sold 40,000 shares, netting a total of over 458,192 in proceeds. Following the sale of shares at $11.45 each, the insider now holds 541,675 shares.
Before that, ROTHSTEIN STUART had sold 40,000 shares from its account. In a trade valued at $403,564, the President & CEO traded Apollo Commercial Real Estate Finance Inc shares for $10.09 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $5.16 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 -3.04%. Over the course of the year, Apollo Commercial Real Estate Finance Inc shares have dropped approximately -10.39%. Shares of the company reached a 52-week high of $12.00 on 01/12/24 and a 52-week low of $10.34 on 04/16/24. A 50-day SMA is recorded $10.93, while a 200-day SMA reached $10.92. Nevertheless, trading volume fell to 0.56 million shares from 0.47 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 10.43, which, if violated, would cause prices to drop to 10.35. In the upper region, resistance lies at 10.60. The next price resistance is at 10.69. RSI (Relative Strength Index) is 40.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.35, which suggests the price will decrease in the coming days. Percent R is at 79.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
