Apple Hospitality REIT Inc’s recent filing unveils that its Director Hugh Redd acquired Company’s shares for reported $14095.0 on Aug 21 ’24. In the deal valued at $14.10 per share,1,000 shares were bought. As a result of this transaction, Hugh Redd now holds 126,223 shares worth roughly $1.87 million.
Then, KNIGHT GLADE M bought 5,000 shares, generating $70,225 in total proceeds. Upon buying the shares at $14.04, the Executive Chairman now owns 636,990 shares.
Before that, KNIGHT GLADE M bought 5,000 shares. Apple Hospitality REIT Inc shares valued at $73,900 were divested by the Executive Chairman at a price of $14.78 per share. As a result of the transaction, KNIGHT GLADE M now holds 631,990 shares, worth roughly $9.37 million.
BMO Capital Markets initiated its Apple Hospitality REIT Inc [APLE] rating to an Outperform in a research note published on December 09, 2024; the price target was $18. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. BofA Securities also remained covering APLE and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on December 08, 2023. It rated APLE as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of APLE
On Monday, Apple Hospitality REIT Inc [NYSE:APLE] saw its stock fall -2.18% to $14.83. Over the last five days, the stock has lost -3.64%. Apple Hospitality REIT Inc shares have fallen nearly -3.39% since the year began. Nevertheless, the stocks have fallen -11.75% over the past one year. While a 52-week high of $17.02 was reached on 01/02/25, a 52-week low of $13.56 was recorded on 01/06/25. SMA at 50 days reached $15.63, while 200 days put it at $15.00.
Levels Of Support And Resistance For APLE Stock
The 24-hour chart illustrates a support level at 14.68, which if violated will result in even more drops to 14.52. On the upside, there is a resistance level at 15.08. A further resistance level may holdings at 15.32. The Relative Strength Index (RSI) on the 14-day chart is 32.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.04%. Stochastics %K at 8.94% indicates the stock is a buying.
How much short interest is there in Apple Hospitality REIT Inc?
A steep rise in short interest was recorded in Apple Hospitality REIT Inc stocks on 2024-12-13, dropping by -1.22 million shares to a total of 7.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.73 million shares. There was a decline of -16.31%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 28, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
