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Recent Insider Activity Could Benefit Apollo Global Management Inc (APO)

In a filing, Apollo Global Management Inc revealed its Director O’Neill Mitra acquired Company’s shares for reported $0.1 million on Sep 06 ’24. In the deal valued at $108.40 per share,923 shares were bought. As a result of this transaction, O’Neill Mitra now holds 27,131 shares worth roughly $3.2 million.

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Then, Zelter James C sold 83,866 shares, generating $9,236,763 in total proceeds. Upon selling the shares at $110.14, the Co-President now owns 781,722 shares.

Before that, Zelter James C sold 16,134 shares. Apollo Global Management Inc shares valued at $1,777,248 were divested by the Co-President at a price of $110.16 per share. As a result of the transaction, Zelter James C now holds 5,706,477 shares, worth roughly $672.17 million.

Wells Fargo initiated its Apollo Global Management Inc [APO] rating to an Overweight in a research note published on September 12, 2024; the price target was $132. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. BofA Securities also remained covering APO and has increased its forecast on August 06, 2024 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of APO

On Tuesday, Apollo Global Management Inc [NYSE:APO] saw its stock jump 0.54% to $117.79. Over the last five days, the stock has gained 10.35%. Apollo Global Management Inc shares have risen nearly 26.40% since the year began. Nevertheless, the stocks have risen 28.34% over the past one year. While a 52-week high of $126.45 was reached on 07/31/24, a 52-week low of $77.11 was recorded on 01/03/24. SMA at 50 days reached $113.60, while 200 days put it at $109.00.

Levels Of Support And Resistance For APO Stock

The 24-hour chart illustrates a support level at 116.52, which if violated will result in even more drops to 115.24. On the upside, there is a resistance level at 118.74. A further resistance level may holdings at 119.68. The Relative Strength Index (RSI) on the 14-day chart is 62.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.07%. Stochastics %K at 93.50% indicates the stock is a selling.

How much short interest is there in Apollo Global Management Inc?

A steep rise in short interest was recorded in Apollo Global Management Inc stocks on 2024-08-30, dropping by 8356.0 shares to a total of 20.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 20.25 million shares. There was a decline of -0.04%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 04, 2024 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $115 price target.

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