Apollo Global Management LLC (APO) : Traders are getting increasingly bearish on Apollo Global Management LLC (APO), as can be seen in the addition of short positions from 5,942,758 on Jul 29, 2016, to 6,894,952 on August 15, 2016. The net change in shorts is 952,194 shares, an increase of 16%. 7 days remain before the expiry. The 3.8% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,051,883. The short interest information was released on Wednesday Aug 24th after the market close.
Apollo Global Management LLC (NYSE:APO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.31 and $18.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.44, notching a gain of 0.60% for the day. The total traded volume was 449,120 . The stock had closed at $18.33 on the previous day.
In a related news,The director officer 10% owner (Senior Managing Direc of Apollo Global Management Llc, Rowan Marc J sold 565,519 shares at $18.59 on August 5, 2016. The Insider selling transaction had a total value worth of $10,512,998. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.