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 $102,091 were purchased by Seboldt Thomas W on Nov 18 ’24. At $38.52 per share, Seboldt Thomas W acquired 2,650 shares. The insider’s holdings grew to 8,634 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Jones Jeffrey J II purchased 69 shares, netting a total of over 2,545 in proceeds. Following the buying of shares at $36.74 each, the insider now holds 11,874 shares.
Before that, Soler Kristen L had added 450 shares to its account. In a trade valued at $30,150, the EVP, Chief HR Officer bought Advance Auto Parts Inc shares for $67.00 each. Upon closing the transaction, the insider’s holdings increased to 450 shares, worth approximately $0.61 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 -5.64%. Over the course of the year, Advance Auto Parts Inc shares have dropped approximately -36.70%. Shares of the company reached a 52-week high of $88.56 on 03/21/24 and a 52-week low of $35.59 on 10/31/24. A 50-day SMA is recorded $39.05, while a 200-day SMA reached $59.68. Nevertheless, trading volume fell to 2.44 million shares from 2.51 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 37.88, which, if violated, would cause prices to drop to 37.12. In the upper region, resistance lies at 39.47. The next price resistance is at 40.30. RSI (Relative Strength Index) is 48.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 69.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
