Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. APi Group Corporation shares valued at $5,581,500 were sold by ASHKEN IAN G H on May 06 ’24. At $37.21 per share, ASHKEN IAN G H sold 150,000 shares. The insider’s holdings dropped to 5,828,779 shares worth approximately $218.0 million following the completion of this transaction.
Also, LILLIE JAMES E sold 125,000 shares, netting a total of over 4,651,250 in proceeds. Following the sale of shares at $37.21 each, the insider now holds 5,330,411 shares.
Before that, VIKING GLOBAL INVESTORS LP had sold 3,038,617 shares from its account. In a trade valued at $104,072,632, the 10% Owner traded APi Group Corporation shares for $34.25 each. Upon closing the transaction, the insider’s holdings decreased to 3,038,617 shares, worth approximately $1.46 million.
As published in their initiating research note from Jefferies on March 15, 2024, APi Group Corporation [APG] has been a Buy and the price target has been revised to $48. As of May 17, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for APG. Earlier on July 11, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for APG stock which previously was a “a Neutral”.
Analyzing APG Stock Performance
During the last five days, there has been a drop of approximately -1.14%. Over the course of the year, APi Group Corporation shares have jumped approximately 8.09%. Shares of the company reached a 52-week high of $39.98 on 04/09/24 and a 52-week low of $30.26 on 01/04/24. A 50-day SMA is recorded $38.23, while a 200-day SMA reached $31.70. Nevertheless, trading volume fell to 1.43 million shares from 1.66 million shares the previous day.
Support And Resistance Levels for APi Group Corporation (APG)
According to the 24-hour chart, there is a support level at 37.17, which, if violated, would cause prices to drop to 36.93. In the upper region, resistance lies at 37.77. The next price resistance is at 38.13. RSI (Relative Strength Index) is 46.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 56.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
