Advance Auto Parts Inc (AAP) Shares are Down -2.63%

Advance Auto Parts Inc (AAP) has risen sharply, recording gains of 0.86% in the past 4 weeks. However, the stock has corrected -2.63% in the past 1 week, providing a good buying opportunity on dips. Advance Auto Parts Inc (AAP) : During the past 4 weeks, traders have been relatively bearish on Advance Auto Parts Inc (AAP), hence the stock is down -0.17% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.69% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 3.15%. Advance Auto Parts Inc (NYSE:AAP): On Fridays trading session , Opening price of the stock was $166.09 with an intraday high of $166.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $163.49. However, the stock managed to close at $166, a loss of 0.43% for the day. On the previous day, the stock had closed at $166.71. The total traded volume of the day was 1,165,191 shares.


The company Insiders own 4.5% of Advance Auto Parts Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 16.75% . Institutional Investors own 91.54% of Advance Auto Parts Inc shares. During last six month period, the net percent change held by insiders has seen a change of 6.87%. Also, BTIG Research initiates coverage on Advance Auto Parts Inc (NYSE:AAP) . The global brokerage major announces a current price target of $120 per share. Analysts at the BTIG Research have a current rating of Sell on the shares. The rating by the firm was issued on June 1, 2016.

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.

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