The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Advance Auto Parts Inc shares valued at $30,150 were purchased by Soler Kristen L on Jun 03 ’24. At $67.00 per share, Soler Kristen L acquired 450 shares. The insider’s holdings grew to 15,690 shares worth approximately $1.01 million following the completion of this transaction.
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Also, Windom Brent purchased 4,700 shares, netting a total of over 401,098 in proceeds. Following the buying of shares at $85.34 each, the insider now holds 10,000 shares.
Before that, Word Herman L Jr had sold 1,858 shares from its account. In a trade valued at $159,937, the EVP, U.S. Stores & CQ Ind. traded Advance Auto Parts Inc shares for $86.08 each. Upon closing the transaction, the insider’s holdings decreased to 1,858 shares, worth approximately $0.67 million.
As published in their initiating research note from Mizuho on March 19, 2024, Advance Auto Parts Inc [AAP] has been a Neutral and the price target has been revised to $78. As of November 16, 2023, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for AAP. Earlier on October 10, 2023, TD Cowen initiated its rating. Their recommendation was “a Market perform” for AAP stock.
Analyzing AAP Stock Performance
During the last five days, there has been a surge of approximately 0.85%. Over the course of the year, Advance Auto Parts Inc shares have jumped approximately 5.33%. Shares of the company reached a 52-week high of $88.56 on 03/21/24 and a 52-week low of $60.19 on 02/26/24. A 50-day SMA is recorded $71.48, while a 200-day SMA reached $64.61. Nevertheless, trading volume fell to 1.02 million shares from 1.66 million shares the previous day.
Support And Resistance Levels for Advance Auto Parts Inc (AAP)
According to the 24-hour chart, there is a support level at 63.86, which, if violated, would cause prices to drop to 63.44. In the upper region, resistance lies at 64.93. The next price resistance is at 65.57. RSI (Relative Strength Index) is 39.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 66.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
