Applied Industrial Technologies Inc’s recently made public that its Director Hall Mary Dean unloaded Company’s shares for reported $0.61 million on Nov 27 ’24. In the deal valued at $275.08 per share,2,200 shares were sold. As a result of this transaction, Hall Mary Dean now holds 3,462 shares worth roughly $0.86 million.
Then, Hoffner Warren E III sold 4,000 shares, generating $1,126,560 in total proceeds. Upon selling the shares at $281.64, the VP, General Mgr-Fluid Power now owns 55,709 shares.
Before that, Hoffner Warren E III bought 4,000 shares. Applied Industrial Technologies Inc shares valued at $1,114,200 were divested by the Officer at a price of $278.55 per share.
BofA Securities upgraded its Applied Industrial Technologies Inc [AIT] rating to a Buy from a a Neutral in a research note published on November 26, 2024; the price target was increased to $315 from $285. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. BofA Securities began covering AIT with “Neutral” recommendation on October 07, 2024. Raymond James started covering the stock on September 04, 2024. It rated AIT as “an Outperform”.
Price Performance Review of AIT
On Monday, Applied Industrial Technologies Inc [NYSE:AIT] saw its stock jump 1.86% to $249.58. Over the last five days, the stock has gained 3.32%. Applied Industrial Technologies Inc shares have risen nearly 4.22% since the year began. Nevertheless, the stocks have risen 49.81% over the past one year. While a 52-week high of $282.98 was reached on 01/06/25, a 52-week low of $163.50 was recorded on 01/02/25. SMA at 50 days reached $257.14, while 200 days put it at $214.67.
Levels Of Support And Resistance For AIT Stock
The 24-hour chart illustrates a support level at 246.22, which if violated will result in even more drops to 242.85. On the upside, there is a resistance level at 251.76. A further resistance level may holdings at 253.93. The Relative Strength Index (RSI) on the 14-day chart is 47.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.63%. Stochastics %K at 30.72% indicates the stock is a holding.
How much short interest is there in Applied Industrial Technologies Inc?
A steep rise in short interest was recorded in Applied Industrial Technologies Inc stocks on 2024-12-13, dropping by 42583.0 shares to a total of 0.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.66 million shares. There was a decline of -6.9%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 01, 2024 when Northcoast began covering the stock and recommended ‘”a Neutral”‘ rating .
