Apollo Global Management ( (APO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Apollo Global Management’s stock has been affected by known tailwinds in investment income and equity, leading Piper Sandler analyst John Barnidge to reduce the company’s price target. Despite these challenges, the firm shows promise with favorable claims experience and strategic expansion through the acquisition of Eagle Creek Renewable Energy. While overall market conditions and earnings mix pose challenges, the company’s distribution strength and underwriter favorability are positive factors.
More about Apollo Global Management
YTD Price Performance: -22.51%
Average Trading Volume: 3,245,177
Technical Sentiment Signal: Hold
Current Market Cap: $72.9B
For further insights into APO stock on TipRanks’ Stock Analysis page.
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