The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Apple Hospitality REIT Inc shares valued at $14,570 were purchased by Hugh Redd on Feb 28 ’25. At $14.57 per share, Hugh Redd acquired 1,000 shares. The insider’s holdings grew to 135,254 shares worth approximately $1.94 million following the completion of this transaction.
Also, KNIGHT GLADE M purchased 5,000 shares, netting a total of over 72,700 in proceeds. Following the buying of shares at $14.54 each, the insider now holds 641,990 shares.
Before that, Hugh Redd had added 1,000 shares to its account. In a trade valued at $14,095, the Director bought Apple Hospitality REIT Inc shares for $14.10 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $1.81 million.
As published in a research note from BofA Securities on January 27, 2025, Apple Hospitality REIT Inc [APLE] has been rated up from a Neutral to a Buy and the price target has been revised to $17 from $16. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of June 03, 2024, Wedbush has initiated its “Neutral” rating for APLE. Earlier on January 08, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for APLE stock which previously was a “a Buy”.
Analyzing APLE Stock Performance
During the last five days, there has been a drop of approximately -1.37%. Over the course of the year, Apple Hospitality REIT Inc shares have dropped approximately -6.45%. Shares of the company reached a 52-week high of $16.01 on 01/28/25 and a 52-week low of $14.23 on 02/25/25. A 50-day SMA is recorded $15.13, while a 200-day SMA reached $14.92.
Support And Resistance Levels for Apple Hospitality REIT Inc (APLE)
According to the 24-hour chart, there is a support level at 14.28, which, if violated, would cause prices to drop to 14.20. In the upper region, resistance lies at 14.51. The next price resistance is at 14.66. RSI (Relative Strength Index) is 35.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 89.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
