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 $5,622 were purchased by Soler Kristen L on Nov 25 ’24. At $43.25 per share, Soler Kristen L acquired 130 shares. The insider’s holdings grew to 15,315 shares worth approximately $0.68 million following the completion of this transaction.
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Also, Seboldt Thomas W purchased 2,650 shares, netting a total of over 102,091 in proceeds. Following the buying of shares at $38.52 each, the insider now holds 8,634 shares.
Before that, Jones Jeffrey J II had added 69 shares to its account. In a trade valued at $2,545, the Director bought Advance Auto Parts Inc shares for $36.74 each. Upon closing the transaction, the insider’s holdings increased to 69 shares, worth approximately $0.53 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 surge of approximately 15.04%. Over the course of the year, Advance Auto Parts Inc shares have dropped approximately -27.18%. 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 $39.16, while a 200-day SMA reached $59.12. Nevertheless, trading volume fell to 2.04 million shares from 2.28 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 43.54, which, if violated, would cause prices to drop to 42.64. In the upper region, resistance lies at 45.11. The next price resistance is at 45.78. RSI (Relative Strength Index) is 65.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.43, which suggests the price will increase in the coming days. Percent R is at 12.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
