Apollo Global Management LLC (APO) : Traders are bullish on Apollo Global Management LLC (APO) as it has outperformed the S&P 500 by a wide margin of 16.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.41%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.47% in the last 1 week, and is up 17.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.66% and the 50-Day Moving Average is 15.41%. Apollo Global Management LLC (NYSE:APO): The stock was completely flat for the day, closing at $18.69 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $18.51, the stock touched an intraday high of $18.73 and a low of $18.42. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $18.69. The total trading volume on Friday was 505,485.
The company Insiders own 4.11% of Apollo Global Management LLC shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 4.74% . Institutional Investors own 64.41% of Apollo Global Management LLC shares. During last six month period, the net percent change held by insiders has seen a change of 4.2%. Also, Argus Research maintains their rating on the shares of Apollo Global Management LLC (NYSE:APO). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $24 per share from $22 per share. The rating by the firm was issued on August 12, 2016.
Apollo Global Management, LLC is an investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company operates through three segments: The Company operates through three segments: Private equity, which invests in control equity and related debt instruments, convertible securities and distressed debt instruments; Credit, which primarily invests in non-control corporate and structured debt instruments, and Real estate, which invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities.