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Analysts review Advance Auto Parts Inc’s rating

Advance Auto Parts Inc’s filing revealed that its Director Windom Brent acquired Company’s shares for reported $0.4 million on Mar 27 ’24. In the deal valued at $85.34 per share,4,700 shares were bought. As a result of this transaction, Windom Brent now holds 10,000 shares worth roughly $0.75 million.

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Then, Word Herman L Jr sold 1,858 shares, generating $159,937 in total proceeds. Upon selling the shares at $86.08, the EVP, U.S. Stores & CQ Ind. now owns 10,448 shares.

Before that, Windom Brent bought 2,617 shares. Advance Auto Parts Inc shares valued at $217,211 were divested by the Director at a price of $83.00 per share. As a result of the transaction, Windom Brent now holds 5,300 shares, worth roughly $0.4 million.

Mizuho initiated its Advance Auto Parts Inc [AAP] rating to a Neutral in a research note published on March 19, 2024; the price target was $78. BofA Securities also remained covering AAP and has decreased its forecast on November 16, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. TD Cowen started covering the stock on October 10, 2023. It rated AAP as “a Market perform”.

Price Performance Review of AAP

On Friday, Advance Auto Parts Inc [NYSE:AAP] saw its stock fall -0.81% to $75.03. Over the last five days, the stock has lost -1.68%. Advance Auto Parts Inc shares have risen nearly 22.94% since the year began. Nevertheless, the stocks have fallen -40.36% over the past one year. While a 52-week high of $127.31 was reached on 03/21/24, a 52-week low of $47.73 was recorded on 02/26/24. SMA at 50 days reached $77.58, while 200 days put it at $64.84. A total of 0.61 million shares were traded, compared to the trading of 0.77 million shares in the previous session.

Levels Of Support And Resistance For AAP Stock

The 24-hour chart illustrates a support level at 74.23, which if violated will result in even more drops to 73.42. On the upside, there is a resistance level at 76.12. A further resistance level may holdings at 77.20. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.76%. Stochastics %K at 46.86% indicates the stock is a holding.

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