Advance Auto Parts Inc’s recent filing unveils that its Director Jones Jeffrey J II acquired Company’s shares for reported $2545.0 on Oct 25 ’24. In the deal valued at $36.74 per share,69 shares were bought. As a result of this transaction, Jones Jeffrey J II now holds 11,874 shares worth roughly $0.45 million.
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Then, Soler Kristen L bought 450 shares, generating $30,150 in total proceeds. Upon buying the shares at $67.00, the EVP, Chief HR Officer now owns 15,690 shares.
Before that, Windom Brent bought 4,700 shares. Advance Auto Parts Inc shares valued at $401,098 were divested by the Director at a price of $85.34 per share. As a result of the transaction, Windom Brent now holds 10,000 shares, worth roughly $0.38 million.
A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “an Outperform”. Mizuho began covering AAP with “Neutral” recommendation on March 19, 2024.
Price Performance Review of AAP
On Friday, Advance Auto Parts Inc [NYSE:AAP] saw its stock fall -8.52% to $37.69. Over the last five days, the stock has lost -0.55%. Advance Auto Parts Inc shares have fallen nearly -38.24% since the year began. Nevertheless, the stocks have fallen -32.30% over the past one year. While a 52-week high of $88.56 was reached on 03/21/24, a 52-week low of $35.59 was recorded on 10/31/24. SMA at 50 days reached $39.02, while 200 days put it at $60.09.
Levels Of Support And Resistance For AAP Stock
The 24-hour chart illustrates a support level at 36.36, which if violated will result in even more drops to 35.03. On the upside, there is a resistance level at 40.07. A further resistance level may holdings at 42.45. The Relative Strength Index (RSI) on the 14-day chart is 45.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 78.71%. Stochastics %K at 56.44% indicates the stock is a holding.
How much short interest is there in Advance Auto Parts Inc?
A steep rise in short interest was recorded in Advance Auto Parts Inc stocks on 2024-10-31, growing by 0.5 million shares to a total of 10.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.08 million shares. There was a rise of 4.7%, which implies that there is a positive sentiment for the stock.
