Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Apple Hospitality REIT Inc shares valued at $14,095 were purchased by Hugh Redd on Aug 21 ’24. At $14.10 per share, Hugh Redd acquired 1,000 shares. The insider’s holdings grew to 126,223 shares worth approximately $2.04 million following the completion of this transaction.
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Also, KNIGHT GLADE M purchased 5,000 shares, netting a total of over 70,225 in proceeds. Following the buying of shares at $14.04 each, the insider now holds 636,990 shares.
Before that, KNIGHT GLADE M had added 5,000 shares to its account. In a trade valued at $73,900, the Executive Chairman bought Apple Hospitality REIT Inc shares for $14.78 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $10.24 million.
As published in their initiating research note from Wedbush on June 03, 2024, Apple Hospitality REIT Inc [APLE] has been a Neutral and the price target has been revised to $15. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 08, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for APLE. Earlier on September 28, 2023, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for APLE stock.
Analyzing APLE Stock Performance
During the last five days, there has been a surge of approximately 5.40%. Over the course of the year, Apple Hospitality REIT Inc shares have dropped approximately -2.47%. Shares of the company reached a 52-week high of $17.08 on 01/05/24 and a 52-week low of $13.60 on 08/13/24. A 50-day SMA is recorded $15.27, while a 200-day SMA reached $15.07. Nevertheless, trading volume fell to 2.01 million shares from 1.96 million shares the previous day.
Support And Resistance Levels for Apple Hospitality REIT Inc (APLE)
According to the 24-hour chart, there is a support level at 16.12, which, if violated, would cause prices to drop to 16.04. In the upper region, resistance lies at 16.30. The next price resistance is at 16.41. RSI (Relative Strength Index) is 64.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 24.90%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
