Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Applied Industrial Technologies Inc shares valued at $1,110,260 were sold by Vasquez Jason W on Feb 25 ’25. At $248.10 per share, Vasquez Jason W sold 4,475 shares. The insider’s holdings dropped to 21,697 shares worth approximately $4.81 million following the completion of this transaction.
Also, Vasquez Jason W purchased 4,475 shares, netting a total of over 1,110,260 in proceeds.
Before that, Schrimsher Neil A had sold 10,680 shares from its account. In a trade valued at $2,874,842, the President and CEO traded Applied Industrial Technologies Inc shares for $269.18 each. Upon closing the transaction, the insider’s holdings decreased to 10,680 shares, worth approximately $38.5 million.
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 surge of approximately 0.48%. Over the course of the year, Applied Industrial Technologies Inc shares have dropped approximately -7.40%. Shares of the company reached a 52-week high of $269.69 on 02/18/25 and a 52-week low of $199.96 on 04/07/25. A 50-day SMA is recorded $236.14, while a 200-day SMA reached $232.38.
Support And Resistance Levels for Applied Industrial Technologies Inc (AIT)
According to the 24-hour chart, there is a support level at 217.15, which, if violated, would cause prices to drop to 212.56. In the upper region, resistance lies at 224.90. The next price resistance is at 228.05. RSI (Relative Strength Index) is 47.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 41.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
