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. Apogee Enterprises Inc. shares valued at $463,425 were sold by Jewell Brent C on Apr 30 ’24. At $61.79 per share, Jewell Brent C sold 7,500 shares. The insider’s holdings dropped to 66 shares worth approximately $4126.9800000000005 following the completion of this transaction.
Also, Parker Herbert K sold 15,728 shares, netting a total of over 949,185 in proceeds. Following the sale of shares at $60.35 each, the insider now holds 8,636 shares.
Before that, Johnson Troy R had sold 12,000 shares from its account. In a trade valued at $732,720, the Pres, Architectural Services traded Apogee Enterprises Inc. shares for $61.06 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $2.09 million.
As published in a research note from Craig Hallum on April 08, 2022, Apogee Enterprises Inc. [APOG] has been rated down from a Buy to a Hold and the price target has been revised to $47 from $54. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of October 02, 2018, Goldman has initiated its “Neutral” rating for APOG. Earlier on April 04, 2018, Goldman downgraded its rating. Their new recommendation was “a Sell” for APOG stock which previously was a “a Neutral”.
Analyzing APOG Stock Performance
During the last five days, there has been a surge of approximately 0.43%. Over the course of the year, Apogee Enterprises Inc. shares have jumped approximately 17.08%. Shares of the company reached a 52-week high of $64.16 on 05/01/24 and a 52-week low of $51.15 on 01/09/24. A 50-day SMA is recorded $58.18, while a 200-day SMA reached $51.25. Nevertheless, trading volume fell to 0.17 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Apogee Enterprises Inc. (APOG)
According to the 24-hour chart, there is a support level at 61.49, which, if violated, would cause prices to drop to 60.46. In the upper region, resistance lies at 63.86. The next price resistance is at 65.20. RSI (Relative Strength Index) is 62.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.59, which suggests the price will increase in the coming days. Percent R is at 18.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
