Markets
AAP

Director buys 150,000 Advance Auto shares

An image of a pen on paper
Credit: Shutterstock photo

Jeffrey Smith, Director at Advance Auto Parts ( AAP ) bought 150,000 shares of the company's common stock on May 25. Smith bought the shares at $152.73 per share for a total of $22,909,500.00.

InvestorsKeyhole Trade Alert

IK-> The technicals for AAP ($155.85 up $2.33) are neutral with a neutral trend. The stock has recent support around $143.54 and resistance around $159.27. Look at the September 130/135 bull-put spread for a 25-cent credit or better. That's a 5.3% return and the stock has to fall 13.4% to cause a problem. [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AAP

Other Topics

Options