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 $56,221 were sold by Finley Tammy M on Dec 05 ’24. At $44.06 per share, Finley Tammy M sold 1,276 shares. The insider’s holdings dropped to 24,266 shares worth approximately $1.06 million following the completion of this transaction.
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Also, Finley Tammy M purchased 1,276 shares, netting a total of over 56,220 in proceeds.
Before that, Soler Kristen L had added 925 shares to its account. In a trade valued at $39,886, the EVP, Chief HR Officer bought Advance Auto Parts Inc shares for $43.12 each. Upon closing the transaction, the insider’s holdings increased to 925 shares, worth approximately $0.71 million.
As published in their initiating research note from BMO Capital Markets on December 13, 2024, Advance Auto Parts Inc [AAP] has been a Market perform and the price target has been revised to $45. As of October 15, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for AAP. Earlier on March 19, 2024, Mizuho initiated its rating. Their recommendation was “a Neutral” for AAP stock.
Analyzing AAP Stock Performance
During the last five days, there has been a drop of approximately -1.69%. Over the course of the year, Advance Auto Parts Inc shares have dropped approximately -28.38%. 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 $40.82, while a 200-day SMA reached $57.06. Nevertheless, trading volume fell to 0.53 million shares from 1.3 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 43.07, which, if violated, would cause prices to drop to 42.42. In the upper region, resistance lies at 44.18. The next price resistance is at 44.64. RSI (Relative Strength Index) is 53.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 67.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
