Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Apollo Global Management Inc shares valued at $10,089,976 were purchased by BLACK, LEON D on Dec 04 ’24. At $173.37 per share, BLACK, LEON D acquired 58,200 shares.
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Also, BLACK LEON D sold 308,400 shares, netting a total of over 53,415,273 in proceeds. Following the sale of shares at $173.20 each, the insider now holds 5,558,200 shares.
Before that, BLACK LEON D had sold 308,400 shares from its account. In a trade valued at $53,415,273, the traded Apollo Global Management Inc shares for $173.20 each. Upon closing the transaction, the insider’s holdings decreased to 308,400 shares, worth approximately $6.14 billion.
As published in their initiating research note from Piper Sandler on November 19, 2024, Apollo Global Management Inc [APO] has been an Overweight and the price target has been revised to $188. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of September 12, 2024, Wells Fargo has initiated its “an Overweight” rating for APO. Earlier on August 27, 2024, Redburn Atlantic initiated its rating. Their recommendation was “a Buy” for APO stock.
Analyzing APO Stock Performance
During the last five days, there has been a drop of approximately -0.52%. Over the course of the year, Apollo Global Management Inc shares have jumped approximately 87.50%. Shares of the company reached a 52-week high of $176.75 on 11/25/24 and a 52-week low of $89.76 on 01/03/24. A 50-day SMA is recorded $150.43, while a 200-day SMA reached $122.79. Nevertheless, trading volume fell to 4.76 million shares from 6.09 million shares the previous day.
Support And Resistance Levels for Apollo Global Management Inc (APO)
According to the 24-hour chart, there is a support level at 172.58, which, if violated, would cause prices to drop to 170.44. In the upper region, resistance lies at 176.29. The next price resistance is at 177.86. RSI (Relative Strength Index) is 68.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.70, which suggests the price will increase in the coming days. Percent R is at 12.74%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
