Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Advance Auto Parts Inc shares valued at $2,545 were purchased by Jones Jeffrey J II on Oct 25 ’24. At $36.74 per share, Jones Jeffrey J II acquired 69 shares. The insider’s holdings grew to 11,874 shares worth approximately $0.43 million following the completion of this transaction.
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Also, Soler Kristen L purchased 450 shares, netting a total of over 30,150 in proceeds. Following the buying of shares at $67.00 each, the insider now holds 15,690 shares.
Before that, Windom Brent had added 4,700 shares to its account. In a trade valued at $401,098, the Director bought Advance Auto Parts Inc shares for $85.34 each. Upon closing the transaction, the insider’s holdings increased to 4,700 shares, worth approximately $0.36 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 drop of approximately -5.02%. Over the course of the year, Advance Auto Parts Inc shares have dropped approximately -41.09%. Shares of the company reached a 52-week high of $88.56 on 03/21/24 and a 52-week low of $35.77 on 10/30/24. A 50-day SMA is recorded $41.03, while a 200-day SMA reached $61.71. Nevertheless, trading volume fell to 2.76 million shares from 3.07 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 35.44, which, if violated, would cause prices to drop to 34.94. In the upper region, resistance lies at 36.78. The next price resistance is at 37.61. RSI (Relative Strength Index) is 35.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.90, which suggests the price will decrease in the coming days. Percent R is at 96.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
