The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. APi Group Corporation shares valued at $3,886,347 were sold by LILLIE JAMES E on Nov 12 ’24. At $36.74 per share, LILLIE JAMES E sold 105,789 shares. The insider’s holdings dropped to 5,053,350 shares worth approximately $184.55 million following the completion of this transaction.
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Also, LILLIE JAMES E sold 46,272 shares, netting a total of over 1,711,139 in proceeds. Following the sale of shares at $36.98 each, the insider now holds 5,159,139 shares.
Before that, LILLIE JAMES E had sold 26,447 shares from its account. In a trade valued at $971,578, the Director traded APi Group Corporation shares for $36.74 each. Upon closing the transaction, the insider’s holdings decreased to 26,447 shares, worth approximately $40.47 million.
As published in their initiating research note from Jefferies on March 15, 2024, APi Group Corporation [APG] has been a Buy and the price target has been revised to $48. As of May 17, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for APG. Earlier on July 11, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for APG stock which previously was a “a Neutral”.
Analyzing APG Stock Performance
During the last five days, there has been a drop of approximately -1.24%. Over the course of the year, APi Group Corporation shares have jumped approximately 5.55%. Shares of the company reached a 52-week high of $39.98 on 04/09/24 and a 52-week low of $30.26 on 01/04/24. A 50-day SMA is recorded $34.00, while a 200-day SMA reached $36.05. Nevertheless, trading volume fell to 1.87 million shares from 2.25 million shares the previous day.
Support And Resistance Levels for APi Group Corporation (APG)
According to the 24-hour chart, there is a support level at 36.29, which, if violated, would cause prices to drop to 36.05. In the upper region, resistance lies at 36.96. The next price resistance is at 37.40. RSI (Relative Strength Index) is 61.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 17.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
