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Fox Advisors Downgrades Aptiv PLC (APTV) to an Equal weight from an Overweight

Aptiv PLC’s recent filing unveils that its Chairman and CEO CLARK KEVIN P acquired Company’s shares for reported $0.98 million on Sep 11 ’24. In the deal valued at $64.17 per share,15,295 shares were bought. As a result of this transaction, CLARK KEVIN P now holds 363,940 shares worth roughly $26.12 million.

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Then, CLARK KEVIN P bought 14,475 shares, generating $967,026 in total proceeds. Upon buying the shares at $66.81, the Chairman and CEO now owns 348,645 shares.

Before that, COOPER NANCY E sold 394 shares. Aptiv PLC shares valued at $30,330 were divested by the Director at a price of $76.98 per share. As a result of the transaction, COOPER NANCY E now holds 13,636 shares, worth roughly $0.98 million.

Fox Advisors downgraded its Aptiv PLC [APTV] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid September from “an Equal weight” to “an Overweight”.

Price Performance Review of APTV

On Friday, Aptiv PLC [NYSE:APTV] saw its stock jump 2.66% to $71.76. Over the last five days, the stock has gained 0.66%. Aptiv PLC shares have fallen nearly -20.02% since the year began. Nevertheless, the stocks have fallen -22.01% over the past one year. While a 52-week high of $95.22 was reached on 01/02/24, a 52-week low of $63.62 was recorded on 09/11/24. SMA at 50 days reached $70.00, while 200 days put it at $75.22.

Levels Of Support And Resistance For APTV Stock

The 24-hour chart illustrates a support level at 70.84, which if violated will result in even more drops to 69.93. On the upside, there is a resistance level at 73.07. A further resistance level may holdings at 74.39. The Relative Strength Index (RSI) on the 14-day chart is 54.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.86%. Stochastics %K at 42.51% indicates the stock is a holding.

How much short interest is there in Aptiv PLC?

A steep rise in short interest was recorded in Aptiv PLC stocks on 2024-09-30, dropping by -6.67 million shares to a total of 29.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 35.75 million shares. There was a decline of -22.94%, which implies that there is a negative sentiment for the stock.

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