Notable Apollo Global Management Insider Trades $13M In Company Stock
Portfolio Pulse from Benzinga Insights
Joshua Harris, a director at Apollo Global Management, executed a significant insider trade by exercising options to purchase shares and subsequently selling them, raising over $13 million. Despite the sale, Harris retains a substantial stake in the company.
October 06, 2021 | 3:32 pm
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NEGATIVE IMPACT
Joshua Harris, a director at Apollo Global Management, exercised options to acquire shares and sold them, raising $13.46 million. Despite the sale, Harris still holds a significant number of shares. The stock is currently trading down 1.41%.
The insider sale by Joshua Harris could be perceived negatively by the market, contributing to the current 1.41% decline in APO's stock price. However, insider sales can occur for various reasons and do not always indicate a negative outlook. Harris's retention of a large number of shares may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100