On 8/2/24, Apollo Global Management Inc (NYSE: APO) stock suffered a major decline of -10.7%, closing at $103.53. Moreover, trading volume in this decline was exceptionally high at 313% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -14.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, APO is expected to continue to be a major Value Builder.
Apollo Global Management has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Apollo Global Management has a very high Power Rating of 86 and a very high Appreciation Score of 91, leading to the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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