Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Apollo Global Management Inc shares valued at $3,338,687 were sold by Kelly Martin on May 08 ’24. At $111.29 per share, Kelly Martin sold 30,000 shares. The insider’s holdings dropped to 359,445 shares worth approximately $40.57 million following the completion of this transaction.
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Also, BLACK LEON D sold 450,000 shares, netting a total of over 49,817,790 in proceeds. Following the sale of shares at $110.71 each, the insider now holds 42,604,773 shares.
Before that, KLEINMAN SCOTT had sold 175,345 shares from its account. In a trade valued at $19,384,143, the insider traded Apollo Global Management Inc shares for $110.55 each. Upon closing the transaction, the insider’s holdings decreased to 175,345 shares, worth approximately $529.68 million.
Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. Earlier on October 09, 2023, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for APO stock which previously was a “an Outperform”.
Analyzing APO Stock Performance
During the last five days, there has been a surge of approximately 0.13%. Over the course of the year, Apollo Global Management Inc shares have jumped approximately 21.13%. Shares of the company reached a 52-week high of $117.15 on 04/09/24 and a 52-week low of $89.76 on 01/03/24. A 50-day SMA is recorded $111.74, while a 200-day SMA reached $97.76. Nevertheless, trading volume fell to 1.26 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for Apollo Global Management Inc (APO)
According to the 24-hour chart, there is a support level at 111.75, which, if violated, would cause prices to drop to 110.63. In the upper region, resistance lies at 114.50. The next price resistance is at 116.13. RSI (Relative Strength Index) is 52.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.07, which suggests the price will increase in the coming days. Percent R is at 35.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
