Apollo Global Management Inc’s recent filing unveils that its Affiliate MJH Partners III LLC acquired Company’s shares for reported $62.45 million on Oct 01 ’24. In the deal valued at $124.91 per share,500,000 shares were bought.
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Then, MJH Partners III LLC bought 500,000 shares, generating $62,240,000 in total proceeds.
Before that, O’Neill Mitra bought 923 shares. Apollo Global Management Inc shares valued at $100,053 were divested by the Director at a price of $108.40 per share. As a result of the transaction, O’Neill Mitra now holds 27,131 shares, worth roughly $3.58 million.
Wolfe Research initiated its Apollo Global Management Inc [APO] rating to an Outperform in a research note published on September 25, 2024; the price target was $139. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Redburn Atlantic began covering APO with “Buy” recommendation on August 27, 2024. BofA Securities revised its rating on August 06, 2024. It rated APO as “a Buy” which previously was an “a Neutral”.
Price Performance Review of APO
On Tuesday, Apollo Global Management Inc [NYSE:APO] saw its stock jump 5.68% to $132.01. Over the last five days, the stock has gained 5.50%. Apollo Global Management Inc shares have risen nearly 41.66% since the year began. Nevertheless, the stocks have risen 47.07% over the past one year. While a 52-week high of $126.93 was reached on 10/01/24, a 52-week low of $77.11 was recorded on 01/03/24. SMA at 50 days reached $114.33, while 200 days put it at $110.65.
Levels Of Support And Resistance For APO Stock
The 24-hour chart illustrates a support level at 126.63, which if violated will result in even more drops to 121.25. On the upside, there is a resistance level at 135.22. A further resistance level may holdings at 138.43. The Relative Strength Index (RSI) on the 14-day chart is 77.33, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.24%. Stochastics %K at 94.03% 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 2024-09-13, dropping by -0.6 million shares to a total of 20.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 20.6 million shares. There was a decline of -2.98%, which implies that there is a negative sentiment for the stock.
