What's Going On With Apollo Global Management Stock Wednesday?
Portfolio Pulse from Dylan Berman
Apollo Global Management (NYSE:APO) shares are trading higher ahead of its 2024 fiscal year second quarter earnings release. The company recently announced multiple investments and acquisitions, including a $700 million capital solution to Sony Music Group and the acquisition of International Game Technology's gaming and digital business, as well as Everi Holdings Inc. (NYSE:EVRI).
July 31, 2024 | 4:53 pm
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POSITIVE IMPACT
Apollo Global Management shares are trading higher ahead of its Q2 earnings release. The company has announced significant investments and acquisitions, including a $700 million capital solution to Sony Music Group and the acquisition of International Game Technology's gaming and digital business, as well as Everi Holdings Inc.
The anticipation of Q2 earnings and recent strategic investments and acquisitions are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Everi Holdings Inc. is set to be acquired by Apollo Global Management. This acquisition is part of Apollo's recent strategic moves and is expected to close during the third quarter.
The acquisition by Apollo Global Management is likely to positively impact Everi Holdings' stock in the short term as it aligns with Apollo's strategic growth plans.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
International Game Technology is set to sell its gaming and digital business to Apollo Global Management. This move is part of Apollo's recent strategic acquisitions.
The sale of its gaming and digital business to Apollo is likely to have a positive short-term impact on International Game Technology's stock as it aligns with Apollo's strategic growth plans.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70