Why Is It Moving? Analyzing The Upward Movement in Apollo Global Management's Stock Today

The Price And Volume Action In Apollo Global Management's Stock Today

Apollo Global Management's APO stock is trading up 3.96% to a price of $47.34. The stock's current volume for the day is 922.25 thousand, which is approximately 89.24% of its previous 30-day average volume of 1.03 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Apollo shares are trading higher after Morgan Stanley maintained an Overweight rating and raised its price target from $51 to $55. Yesterday the company announced Leon Black to retire as CEO and was cleared of criminal wrongdoing in Epstein probe.

Perspective On Recent Price Action

The stock's 50-day moving average was $46.81 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $55.38 and fallen to a low of $19.46.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.