Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Applied Industrial Technologies Inc shares valued at $605,167 were sold by Hall Mary Dean on Nov 27 ’24. At $275.08 per share, Hall Mary Dean sold 2,200 shares. The insider’s holdings dropped to 3,462 shares worth approximately $0.88 million following the completion of this transaction.
Also, Hoffner Warren E III sold 4,000 shares, netting a total of over 1,126,560 in proceeds. Following the sale of shares at $281.64 each, the insider now holds 55,709 shares.
Before that, Hoffner Warren E III had added 4,000 shares to its account. In a trade valued at $1,114,200, the Officer bought Applied Industrial Technologies Inc shares for $278.55 each.
As published in a research note from BofA Securities on November 26, 2024, Applied Industrial Technologies Inc [AIT] has been rated up from a Neutral to a Buy and the price target has been revised to $315 from $285. Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in late October. As of October 07, 2024, BofA Securities has initiated its “Neutral” rating for AIT. Earlier on September 04, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for AIT stock.
Analyzing AIT Stock Performance
During the last five days, there has been a drop of approximately -2.77%. Over the course of the year, Applied Industrial Technologies Inc shares have jumped approximately 6.26%. Shares of the company reached a 52-week high of $264.94 on 01/22/25 and a 52-week low of $237.65 on 01/02/25. A 50-day SMA is recorded $258.99, while a 200-day SMA reached $219.07. Nevertheless, trading volume fell to 0.55 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Applied Industrial Technologies Inc (AIT)
According to the 24-hour chart, there is a support level at 247.83, which, if violated, would cause prices to drop to 241.19. In the upper region, resistance lies at 262.85. The next price resistance is at 271.23. RSI (Relative Strength Index) is 50.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.11, which suggests the price will decrease in the coming days. Percent R is at 41.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
