Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Advance Auto Parts Inc shares valued at $401,098 were purchased by Windom Brent on Mar 27 ’24. At $85.34 per share, Windom Brent acquired 4,700 shares. The insider’s holdings grew to 10,000 shares worth approximately $0.77 million following the completion of this transaction.
Also, Word Herman L Jr sold 1,858 shares, netting a total of over 159,937 in proceeds. Following the sale of shares at $86.08 each, the insider now holds 10,448 shares.
Before that, Windom Brent had added 2,617 shares to its account. In a trade valued at $217,211, the Director bought Advance Auto Parts Inc shares for $83.00 each. Upon closing the transaction, the insider’s holdings increased to 2,617 shares, worth approximately $0.41 million.
As published in their initiating research note from Mizuho on March 19, 2024, Advance Auto Parts Inc [AAP] has been a Neutral and the price target has been revised to $78. As of November 16, 2023, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for AAP. Earlier on October 10, 2023, TD Cowen initiated its rating. Their recommendation was “a Market perform” for AAP stock.
Analyzing AAP Stock Performance
During the last five days, there has been a surge of approximately 3.35%. Over the course of the year, Advance Auto Parts Inc shares have jumped approximately 25.40%. Shares of the company reached a 52-week high of $88.56 on 03/21/24 and a 52-week low of $60.19 on 02/26/24. A 50-day SMA is recorded $74.88, while a 200-day SMA reached $64.62. Nevertheless, trading volume fell to 0.89 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Advance Auto Parts Inc (AAP)
According to the 24-hour chart, there is a support level at 75.70, which, if violated, would cause prices to drop to 74.87. In the upper region, resistance lies at 77.48. The next price resistance is at 78.43. RSI (Relative Strength Index) is 49.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.53, which suggests the price will increase in the coming days. Percent R is at 30.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
