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Mizuho gives a Neutral recommendation for Advance Auto Parts Inc (AAP)

Advance Auto Parts Inc’s filing revealed 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 $0.65 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 $0.43 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 Monday, Advance Auto Parts Inc [NYSE:AAP] saw its stock fall -0.70% to $41.14. Over the last five days, the stock has gained 6.25%. Advance Auto Parts Inc shares have fallen nearly -32.59% since the year began. Nevertheless, the stocks have fallen -31.00% over the past one year. While a 52-week high of $88.56 was reached on 03/21/24, a 52-week low of $37.51 was recorded on 09/11/24. SMA at 50 days reached $54.92, while 200 days put it at $64.94.

Levels Of Support And Resistance For AAP Stock

The 24-hour chart illustrates a support level at 40.34, which if violated will result in even more drops to 39.55. On the upside, there is a resistance level at 41.96. A further resistance level may holdings at 42.78. The Relative Strength Index (RSI) on the 14-day chart is 29.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.54%. Stochastics %K at 25.79% indicates the stock is a holding.

How much short interest is there in Advance Auto Parts Inc?

A steep rise in short interest was recorded in Advance Auto Parts Inc stocks on 2024-08-30, growing by 2.2 million shares to a total of 9.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.23 million shares. There was a rise of 23.32%, which implies that there is a positive sentiment for the stock.

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