In a filing, Applied Industrial Technologies Inc. revealed its VP-Sales & Marketing-USSC Vasquez Jason W unloaded Company’s shares for reported $0.13 million on May 20 ’24. In the deal valued at $196.71 per share,650 shares were sold. As a result of this transaction, Vasquez Jason W now holds 22,960 shares worth roughly $4.62 million.
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Then, Hoffner Warren E III sold 2,000 shares, generating $364,680 in total proceeds. Upon selling the shares at $182.34, the VP, General Mgr-Fluid Power now owns 57,155 shares.
Before that, Schrimsher Neil A sold 93,750 shares. Applied Industrial Technologies Inc. shares valued at $15,911,250 were divested by the President and CEO at a price of $169.72 per share. As a result of the transaction, Schrimsher Neil A now holds 198,557 shares, worth roughly $39.93 million.
Oppenheimer initiated its Applied Industrial Technologies Inc. [AIT] rating to an Outperform in a research note published on April 03, 2024; the price target was $235. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “an Outperform”. Robert W. Baird also remained covering AIT and has decreased its forecast on August 12, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Loop Capital started covering the stock on August 03, 2021. It rated AIT as “a Buy”.
Price Performance Review of AIT
On Tuesday, Applied Industrial Technologies Inc. [NYSE:AIT] saw its stock jump 0.04% to $201.08. Over the last five days, the stock has gained 2.74%. Applied Industrial Technologies Inc. shares have risen nearly 16.44% since the year began. Nevertheless, the stocks have risen 55.67% over the past one year. While a 52-week high of $201.76 was reached on 03/22/24, a 52-week low of $122.24 was recorded on 01/09/24. SMA at 50 days reached $191.59, while 200 days put it at $171.96. A total of 0.26 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For AIT Stock
The 24-hour chart illustrates a support level at 199.36, which if violated will result in even more drops to 197.63. On the upside, there is a resistance level at 201.95. A further resistance level may holdings at 202.81. The Relative Strength Index (RSI) on the 14-day chart is 65.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.80%. Stochastics %K at 92.92% indicates the stock is a selling.
