Apollo Strategic Growth Capital Target of Unusually High Options Trading (NYSE:APSG)

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Apollo Strategic Growth Capital (NYSE:APSG) saw some unusual options trading on Wednesday. Investors purchased 7,500 call options on the company. This represents an increase of approximately 1,385% compared to the average volume of 505 call options.

Shares of NYSE:APSG opened at $9.90 on Friday. Apollo Strategic Growth Capital has a 1 year low of $9.64 and a 1 year high of $11.40. The stock’s 50-day moving average is $9.85 and its 200 day moving average is $9.79.

Several hedge funds have recently bought and sold shares of the business. Finepoint Capital LP bought a new stake in shares of Apollo Strategic Growth Capital in the 2nd quarter worth approximately $18,493,000. Weiss Asset Management LP boosted its position in shares of Apollo Strategic Growth Capital by 41.5% in the 3rd quarter. Weiss Asset Management LP now owns 1,112,516 shares of the company’s stock worth $10,858,000 after purchasing an additional 326,301 shares in the last quarter. Security Benefit Life Insurance Co. KS boosted its position in shares of Apollo Strategic Growth Capital by 317.8% in the 3rd quarter. Security Benefit Life Insurance Co. KS now owns 394,410 shares of the company’s stock worth $3,849,000 after purchasing an additional 300,000 shares in the last quarter. Dark Forest Capital Management LP boosted its position in shares of Apollo Strategic Growth Capital by 21,318.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 252,309 shares of the company’s stock worth $2,463,000 after purchasing an additional 251,131 shares in the last quarter. Finally, Periscope Capital Inc. boosted its position in shares of Apollo Strategic Growth Capital by 15.1% in the 3rd quarter. Periscope Capital Inc. now owns 1,772,373 shares of the company’s stock worth $17,298,000 after purchasing an additional 232,373 shares in the last quarter. Hedge funds and other institutional investors own 62.29% of the company’s stock.

About Apollo Strategic Growth Capital

Apollo Strategic Growth Capital does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as APH III (Sub I), Ltd. and changed its name to Apollo Strategic Growth Capital in August 2020.

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