In a filing, Applied Industrial Technologies Inc. revealed its VP-Chief HR Officer Loring Kurt W. unloaded Company’s shares for reported $0.99 million on Aug 30 ’24. In the deal valued at $203.10 per share,4,858 shares were sold. As a result of this transaction, Loring Kurt W. now holds 19,315 shares worth roughly $3.82 million.
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Then, Loring Kurt W. bought 4,858 shares, generating $986,666 in total proceeds.
Before that, Loring Kurt W. sold 3,366 shares. Applied Industrial Technologies Inc. shares valued at $703,561 were divested by the VP-Chief HR Officer at a price of $209.02 per share. As a result of the transaction, Loring Kurt W. now holds 19,315 shares, worth roughly $3.82 million.
Raymond James initiated its Applied Industrial Technologies Inc. [AIT] rating to an Outperform in a research note published on September 04, 2024; the price target was $225. A number of analysts have revised their coverage, including Northcoast’s analysts, who began to cover the stock in early July with a ‘”a Neutral”‘ rating. Oppenheimer began covering AIT with “an Outperform” recommendation on April 03, 2024. Robert W. Baird revised its rating on March 17, 2023. It rated AIT as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of AIT
On Tuesday, Applied Industrial Technologies Inc. [NYSE:AIT] saw its stock jump 0.27% to $197.78. Over the last five days, the stock has lost -0.39%. Applied Industrial Technologies Inc. shares have risen nearly 14.53% since the year began. Nevertheless, the stocks have risen 25.64% over the past one year. While a 52-week high of $223.15 was reached on 07/31/24, a 52-week low of $149.59 was recorded on 01/09/24. SMA at 50 days reached $200.53, while 200 days put it at $187.74.
Levels Of Support And Resistance For AIT Stock
The 24-hour chart illustrates a support level at 195.98, which if violated will result in even more drops to 194.18. On the upside, there is a resistance level at 198.88. A further resistance level may holdings at 199.98. The Relative Strength Index (RSI) on the 14-day chart is 46.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.87%. Stochastics %K at 15.00% indicates the stock is a buying.
How much short interest is there in Applied Industrial Technologies Inc.?
A steep rise in short interest was recorded in Applied Industrial Technologies Inc. stocks on 2024-08-15, dropping by 60561.0 shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.78 million shares. There was a decline of -8.47%, which implies that there is a negative sentiment for the stock.
