In a filing, Apple Hospitality REIT Inc revealed 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.
Wedbush initiated its Apple Hospitality REIT Inc [APLE] rating to a Neutral in a research note published on June 03, 2024; the price target was $15. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Wells Fargo also remained covering APLE and has decreased its forecast on December 08, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Wolfe Research started covering the stock on September 28, 2023. It rated APLE as “a Peer perform”.
Price Performance Review of APLE
On Friday, Apple Hospitality REIT Inc [NYSE:APLE] saw its stock fall -1.57% to $14.44. Over the last five days, the stock has gained 1.48%. Apple Hospitality REIT Inc shares have fallen nearly -13.06% since the year began. Nevertheless, the stocks have fallen -4.59% over the past one year. While a 52-week high of $17.85 was reached on 01/05/24, a 52-week low of $13.96 was recorded on 06/10/24. SMA at 50 days reached $14.88, while 200 days put it at $15.87. A total of 1.65 million shares were traded, compared to the trading of 2.41 million shares in the previous session.
Levels Of Support And Resistance For APLE Stock
The 24-hour chart illustrates a support level at 14.35, which if violated will result in even more drops to 14.26. On the upside, there is a resistance level at 14.57. A further resistance level may holdings at 14.70. The Relative Strength Index (RSI) on the 14-day chart is 45.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.47%. Stochastics %K at 67.37% indicates the stock is a holding.
