Apple Hospitality REIT Inc’s recent filing unveils that its Executive Chairman KNIGHT GLADE M acquired Company’s shares for reported $73900.0 on May 21 ’24. In the deal valued at $14.78 per share,5,000 shares were bought. As a result of this transaction, KNIGHT GLADE M now holds 631,990 shares worth roughly $9.13 million.
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Then, Bunting Glenn W Jr bought 549 shares, generating $8,004 in total proceeds. Upon buying the shares at $14.58, the Director now owns 10,549 shares.
Before that, Hugh Redd bought 1,000 shares. Apple Hospitality REIT Inc shares valued at $14,730 were divested by the Director at a price of $14.73 per share. As a result of the transaction, Hugh Redd now holds 125,223 shares, worth roughly $1.81 million.
BofA Securities downgraded its Apple Hospitality REIT Inc [APLE] rating to a Neutral from a a Buy in a research note published on January 08, 2024; the price target was decreased to $18 from $19. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal weight”. Wolfe Research began covering APLE with “Peer perform” recommendation on September 28, 2023. Wells Fargo revised its rating on March 30, 2023. It rated APLE as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of APLE
On Friday, Apple Hospitality REIT Inc [NYSE:APLE] saw its stock jump 1.62% to $14.44. Over the last five days, the stock has gained 0.70%. Apple Hospitality REIT Inc shares have fallen nearly -13.06% since the year began. Nevertheless, the stocks have fallen -0.33% over the past one year. While a 52-week high of $17.85 was reached on 01/05/24, a 52-week low of $14.08 was recorded on 05/29/24. SMA at 50 days reached $15.26, while 200 days put it at $15.88. A total of 4.15 million shares were traded, compared to the trading of 1.91 million shares in the previous session.
Levels Of Support And Resistance For APLE Stock
The 24-hour chart illustrates a support level at 14.22, which if violated will result in even more drops to 14.01. On the upside, there is a resistance level at 14.56. A further resistance level may holdings at 14.69. The Relative Strength Index (RSI) on the 14-day chart is 41.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.00%. Stochastics %K at 19.33% indicates the stock is a buying.
