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Apollo Global Management Inc (APO) rating initates by Piper Sandler

In a filing, Apollo Global Management Inc revealed its Affiliated Entity APOLLO OPPORTUNITY FOUNDATION acquired Company’s shares for reported $4.44 million on Dec 05 ’24. In the deal valued at $177.66 per share,25,000 shares were bought.

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Then, Chatterjee Whitney sold 6,200 shares, generating $1,074,851 in total proceeds. Upon selling the shares at $173.36, the Chief Legal Officer now owns 117,701 shares.

Before that, Kelly Martin sold 5,000 shares. Apollo Global Management Inc shares valued at $863,050 were divested by the Chief Financial Officer at a price of $172.61 per share. As a result of the transaction, Kelly Martin now holds 320,564 shares, worth roughly $57.01 million.

Piper Sandler initiated its Apollo Global Management Inc [APO] rating to an Overweight in a research note published on November 19, 2024; the price target was $188. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Wells Fargo began covering APO with “an Overweight” recommendation on September 12, 2024. Redburn Atlantic started covering the stock on August 27, 2024. It rated APO as “a Buy”.

Price Performance Review of APO

On Friday, Apollo Global Management Inc [NYSE:APO] saw its stock jump 1.21% to $177.85. Over the last five days, the stock has gained 1.61%. Apollo Global Management Inc shares have risen nearly 90.85% since the year began. Nevertheless, the stocks have risen 96.37% over the past one year. While a 52-week high of $178.75 was reached on 12/05/24, a 52-week low of $89.45 was recorded on 01/03/24. SMA at 50 days reached $152.50, while 200 days put it at $123.46.

Levels Of Support And Resistance For APO Stock

The 24-hour chart illustrates a support level at 175.31, which if violated will result in even more drops to 172.77. On the upside, there is a resistance level at 179.25. A further resistance level may holdings at 180.65. The Relative Strength Index (RSI) on the 14-day chart is 71.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.04%. Stochastics %K at 88.44% indicates the stock is a selling.

How much short interest is there in Apollo Global Management Inc?

A steep rise in short interest was recorded in Apollo Global Management Inc stocks on 2024-11-15, growing by 5.24 million shares to a total of 27.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 21.93 million shares. There was a rise of 19.3%, which implies that there is a positive sentiment for the stock.

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