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Investing in Advance Auto Parts Inc (AAP): What You Must Know

Advance Auto Parts Inc’s recent filing unveils that its EVP, Chief HR Officer Soler Kristen L acquired Company’s shares for reported $30150.0 on Jun 03 ’24. In the deal valued at $67.00 per share,450 shares were bought. As a result of this transaction, Soler Kristen L now holds 15,690 shares worth roughly $1.0 million.

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Then, Windom Brent bought 4,700 shares, generating $401,098 in total proceeds. Upon buying the shares at $85.34, the Director now owns 10,000 shares.

Before that, Word Herman L Jr sold 1,858 shares. Advance Auto Parts Inc shares valued at $159,937 were divested by the EVP, U.S. Stores & CQ Ind. at a price of $86.08 per share. As a result of the transaction, Word Herman L Jr now holds 10,448 shares, worth roughly $0.66 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 -0.80% to $63.42. Over the last five days, the stock has lost -1.80%. Advance Auto Parts Inc shares have risen nearly 3.92% since the year began. Nevertheless, the stocks have fallen -9.66% over the past one year. While a 52-week high of $88.56 was reached on 03/21/24, a 52-week low of $47.73 was recorded on 02/26/24. SMA at 50 days reached $72.02, while 200 days put it at $64.65. A total of 1.81 million shares were traded, compared to the trading of 1.65 million shares in the previous session.

Levels Of Support And Resistance For AAP Stock

The 24-hour chart illustrates a support level at 61.61, which if violated will result in even more drops to 59.79. On the upside, there is a resistance level at 64.43. A further resistance level may holdings at 65.43. The Relative Strength Index (RSI) on the 14-day chart is 36.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.48%. Stochastics %K at 31.64% indicates the stock is a holding.

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