In a filing, APi Group Corporation revealed its 10% Owner VIKING GLOBAL INVESTORS LP unloaded Company’s shares for reported $74.46 million on Jun 17 ’24. In the deal valued at $38.15 per share,1,951,782 shares were sold. As a result of this transaction, VIKING GLOBAL INVESTORS LP now holds 0 shares worth roughly $0.0.
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Then, VIKING GLOBAL INVESTORS LP sold 1,951,782 shares, generating $74,460,483 in total proceeds. Upon selling the shares at $38.15, the 10% Owner now owns 0 shares.
Before that, FRANKLIN MARTIN E sold 264,626 shares. APi Group Corporation shares valued at $9,899,659 were divested by the Director at a price of $37.41 per share. As a result of the transaction, FRANKLIN MARTIN E now holds 14,766,902 shares, worth roughly $555.68 million.
Jefferies initiated its APi Group Corporation [APG] rating to a Buy in a research note published on March 15, 2024; the price target was $48. Robert W. Baird also remained covering APG and has increased its forecast on May 17, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. BofA Securities revised its rating on July 11, 2022. It rated APG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of APG
On Friday, APi Group Corporation [NYSE:APG] saw its stock fall -2.18% to $37.63. Over the last five days, the stock has lost -1.62%. APi Group Corporation shares have risen nearly 8.76% since the year began. Nevertheless, the stocks have risen 41.36% over the past one year. While a 52-week high of $39.98 was reached on 04/09/24, a 52-week low of $24.61 was recorded on 01/04/24. SMA at 50 days reached $37.32, while 200 days put it at $33.31. A total of 27.94 million shares were traded, compared to the trading of 2.12 million shares in the previous session.
Levels Of Support And Resistance For APG Stock
The 24-hour chart illustrates a support level at 36.89, which if violated will result in even more drops to 36.14. On the upside, there is a resistance level at 38.92. A further resistance level may holdings at 40.21. The Relative Strength Index (RSI) on the 14-day chart is 49.46, 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 43.91%. Stochastics%K at 69.87% indicates the stock is a holding.
The most recent change occurred on June 17, 2022 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $17 price target.
