In a filing, Apollo Commercial Real Estate Finance Inc revealed its President & CEO ROTHSTEIN STUART unloaded Company’s shares for reported $0.42 million on Apr 15 ’24. In the deal valued at $10.60 per share,40,000 shares were sold. As a result of this transaction, ROTHSTEIN STUART now holds 415,292 shares worth roughly $4.57 million.
Then, ROTHSTEIN STUART sold 40,000 shares, generating $458,192 in total proceeds. Upon selling the shares at $11.45, the President & CEO now owns 541,675 shares.
Before that, ROTHSTEIN STUART sold 40,000 shares. Apollo Commercial Real Estate Finance Inc shares valued at $403,564 were divested by the President & CEO at a price of $10.09 per share. As a result of the transaction, ROTHSTEIN STUART now holds 490,766 shares, worth roughly $5.4 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 Tuesday, Apollo Commercial Real Estate Finance Inc [NYSE:ARI] saw its stock jump 2.13% to $11.01. Over the last five days, the stock has gained 6.07%. Apollo Commercial Real Estate Finance Inc shares have fallen nearly -6.22% since the year began. Nevertheless, the stocks have risen 16.14% over the past one year. While a 52-week high of $12.74 was reached on 01/12/24, a 52-week low of $9.13 was recorded on 04/16/24. SMA at 50 days reached $10.94, while 200 days put it at $10.92. A total of 0.54 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For ARI Stock
The 24-hour chart illustrates a support level at 10.81, which if violated will result in even more drops to 10.62. On the upside, there is a resistance level at 11.11. A further resistance level may holdings at 11.22. The Relative Strength Index (RSI) on the 14-day chart is 53.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.09%. Stochastics %K at 57.75% indicates the stock is a holding.
