APi Group(APG) Shares Soar 2.32% On Strong Q1 Revenue

APi Group(APG) shares surged to a record high today, with an intraday gain of 2.32%.

The strategy of buying APG shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -1.58%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for APG.

APi Group's recent stock price increase can be attributed to its strong financial performance, specifically surpassing analyst expectations with a first-quarter revenue of $1.7 billion. This robust performance has bolstered investor confidence in the company's growth prospects and operational efficiency.