Advance Auto Parts Inc (AAP) : The short interest in Advance Auto Parts Inc (AAP) has changed with an increase of 290,791 shares and the open interest is 6%. From 4,875,759 short positions on Jul 29, 2016, the shorts increased to 5,166,550 shares by August 15, 2016. There are 5 more days left for the expiry and the daily trading volume of the stock is 984,357 shares. The total interest of shorts is 7.1% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
Advance Auto Parts Inc (NYSE:AAP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $158.93 and $158.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $163.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $160.36, notching a gain of 1.53% for the day. The total traded volume was 1,747,569 . The stock had closed at $157.94 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Advance Auto Parts Inc, Slone Reuben E had purchased shares worth of $99,850 in a transaction dated on August 18, 2016. A total of 632 shares were purchased at a price of $157.99 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Advance Auto Parts, Inc. is a provider of automotive aftermarket parts. The companys stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. The company serves its do-it-for-me (commercial) customers and do-it-yourself (DIY) customers through a variety of channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of January 3, 2015, the Companys operations are comprised of 5,261 stores and 111 distribution branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands primarily under the trade names Advance Auto Parts, Carquest, Autopart International and Worldpac.