Applied Industrial Technologies Inc’s filing revealed that its VP-Sales & Marketing-USSC Vasquez Jason W unloaded Company’s shares for reported $1.11 million on Feb 25 ’25. In the deal valued at $248.10 per share,4,475 shares were sold. As a result of this transaction, Vasquez Jason W now holds 21,697 shares worth roughly $4.52 million.
Then, Vasquez Jason W bought 4,475 shares, generating $1,110,260 in total proceeds.
Before that, Schrimsher Neil A sold 10,680 shares. Applied Industrial Technologies Inc shares valued at $2,874,842 were divested by the President and CEO at a price of $269.18 per share. As a result of the transaction, Schrimsher Neil A now holds 173,606 shares, worth roughly $36.16 million.
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 fall -1.22% to $208.27. Over the last five days, the stock has lost -7.58%. Applied Industrial Technologies Inc shares have fallen nearly -13.03% since the year began. Nevertheless, the stocks have risen 7.21% over the past one year. While a 52-week high of $282.98 was reached on 02/18/25, a 52-week low of $177.68 was recorded on 04/07/25. SMA at 50 days reached $241.96, while 200 days put it at $231.14.
Levels Of Support And Resistance For AIT Stock
The 24-hour chart illustrates a support level at 199.18, which if violated will result in even more drops to 190.10. On the upside, there is a resistance level at 218.13. A further resistance level may holdings at 228.00. The Relative Strength Index (RSI) on the 14-day chart is 33.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.21%. Stochastics %K at 17.86% indicates the stock is a buying.
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 2025-03-14, dropping by -0.12 million shares to a total of 0.87 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 0.99 million shares. There was a decline of -13.88%, 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 .
