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Advance Auto Parts Inc [NYSE: AAP] Sees Decrease in Stock Value

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 $56,220 were purchased by Finley Tammy M on Dec 05 ’24. At $44.06 per share, Finley Tammy M acquired 1,276 shares.

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Also, Soler Kristen L purchased 925 shares, netting a total of over 39,886 in proceeds. Following the buying of shares at $43.12 each, the insider now holds 16,240 shares.

Before that, Soler Kristen L had added 130 shares to its account. In a trade valued at $5,622, the EVP, Chief HR Officer bought Advance Auto Parts Inc shares for $43.25 each. Upon closing the transaction, the insider’s holdings increased to 130 shares, worth approximately $0.67 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 -1.87%. Over the course of the year, Advance Auto Parts Inc shares have dropped approximately -28.54%. 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 $39.36, while a 200-day SMA reached $58.61. Nevertheless, trading volume fell to 2.32 million shares from 28880.0 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 43.20, which, if violated, would cause prices to drop to 42.78. In the upper region, resistance lies at 44.39. The next price resistance is at 45.16. RSI (Relative Strength Index) is 59.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.97, which suggests the price will increase in the coming days. Percent R is at 17.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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