Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Advance Auto Parts Inc shares valued at $30,150 were purchased by Soler Kristen L on Jun 03 ’24. At $67.00 per share, Soler Kristen L acquired 450 shares. The insider’s holdings grew to 15,690 shares worth approximately $0.61 million following the completion of this transaction.
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Also, Windom Brent purchased 4,700 shares, netting a total of over 401,098 in proceeds. Following the buying of shares at $85.34 each, the insider now holds 10,000 shares.
Before that, Word Herman L Jr had sold 1,858 shares from its account. In a trade valued at $159,937, the EVP, U.S. Stores & CQ Ind. traded Advance Auto Parts Inc shares for $86.08 each. Upon closing the transaction, the insider’s holdings decreased to 1,858 shares, worth approximately $0.4 million.
Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid October. As of March 19, 2024, Mizuho has initiated its “Neutral” rating for AAP.
Analyzing AAP Stock Performance
During the last five days, there has been a surge of approximately 0.47%. Over the course of the year, Advance Auto Parts Inc shares have dropped approximately -36.72%. Shares of the company reached a 52-week high of $88.56 on 03/21/24 and a 52-week low of $36.40 on 10/03/24. A 50-day SMA is recorded $45.53, while a 200-day SMA reached $62.88. Nevertheless, trading volume fell to 2.35 million shares from 4.16 million shares the previous day.
Support And Resistance Levels for Advance Auto Parts Inc (AAP)
According to the 24-hour chart, there is a support level at 38.16, which, if violated, would cause prices to drop to 37.69. In the upper region, resistance lies at 39.51. The next price resistance is at 40.39. RSI (Relative Strength Index) is 40.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 63.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
