Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Apollo Global Management Inc shares valued at $9,236,763 were sold by Zelter James C on Aug 23 ’24. At $110.14 per share, Zelter James C sold 83,866 shares. The insider’s holdings dropped to 781,722 shares worth approximately $85.62 million following the completion of this transaction.
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Also, Zelter James C sold 16,134 shares, netting a total of over 1,777,248 in proceeds. Following the sale of shares at $110.16 each, the insider now holds 5,706,477 shares.
Before that, JAMES C. ZELTER 2023 GRAT NO. had added 83,866 shares to its account. In a trade valued at $9,236,763, the Affiliate bought Apollo Global Management Inc shares for $110.14 each.
As published in their initiating research note from Redburn Atlantic on August 27, 2024, Apollo Global Management Inc [APO] has been a Buy and the price target has been revised to $153. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. Earlier on January 04, 2024, TD Cowen initiated its rating. Their recommendation was “an Outperform” for APO stock.
Analyzing APO Stock Performance
During the last five days, there has been a drop of approximately -3.57%. Over the course of the year, Apollo Global Management Inc shares have jumped approximately 17.53%. Shares of the company reached a 52-week high of $126.45 on 07/31/24 and a 52-week low of $89.76 on 01/03/24. A 50-day SMA is recorded $114.89, while a 200-day SMA reached $108.01. Nevertheless, trading volume fell to 2.78 million shares from 3.08 million shares the previous day.
Support And Resistance Levels for Apollo Global Management Inc (APO)
According to the 24-hour chart, there is a support level at 107.82, which, if violated, would cause prices to drop to 106.12. In the upper region, resistance lies at 111.42. The next price resistance is at 113.32. RSI (Relative Strength Index) is 45.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 81.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
