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Insider Sale Alert: APi Group Corporation [APG] – Is it Time to sell?

In a filing, APi Group Corporation revealed its Director ASHKEN IAN G H unloaded Company’s shares for reported $1.99 million on Nov 13 ’24. In the deal valued at $36.87 per share,53,868 shares were sold. As a result of this transaction, ASHKEN IAN G H now holds 5,478,779 shares worth roughly $214.33 million.

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Then, LILLIE JAMES E sold 47,939 shares, generating $1,767,990 in total proceeds. Upon selling the shares at $36.88, the Director now owns 5,005,411 shares.

Before that, LILLIE JAMES E sold 11,985 shares. APi Group Corporation shares valued at $442,007 were divested by the Director at a price of $36.88 per share. As a result of the transaction, LILLIE JAMES E now holds 1,096,203 shares, worth roughly $42.88 million.

William Blair initiated its APi Group Corporation [APG] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Robert W. Baird revised its rating on May 17, 2023. It rated APG as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of APG

On Monday, APi Group Corporation [NYSE:APG] saw its stock jump 1.35% to $39.12. Over the last five days, the stock has gained 3.90%. APi Group Corporation shares have risen nearly 13.06% since the year began. Nevertheless, the stocks have risen 28.98% over the past one year. While a 52-week high of $40.89 was reached on 12/05/24, a 52-week low of $30.15 was recorded on 01/04/24. SMA at 50 days reached $35.14, while 200 days put it at $36.30.

Levels Of Support And Resistance For APG Stock

The 24-hour chart illustrates a support level at 38.35, which if violated will result in even more drops to 37.57. On the upside, there is a resistance level at 39.81. A further resistance level may holdings at 40.49. The Relative Strength Index (RSI) on the 14-day chart is 70.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.27%. Stochastics %K at 63.27% indicates the stock is a holding.

How much short interest is there in APi Group Corporation?

A steep rise in short interest was recorded in APi Group Corporation stocks on 2024-11-15, growing by 1.72 million shares to a total of 5.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.46 million shares. There was a rise of 33.13%, which implies that there is a positive sentiment for the stock.

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