Apollo Global Management Drops 7.07% Amid Market Volatility
1min read On April 7, 2025, apollo global management, Inc. (APO) experienced a 7.07% drop in pre-market trading, reflecting a significant decline in investor sentiment.
Apollo Global Management has been navigating a challenging market environment, with private-equity stocks feeling the pain of broader market volatility. Over the past month, the company's stock has dipped by approximately 10%, indicating a period of uncertainty and potential restructuring within the firm.
Despite the recent downturn, there have been positive developments for Apollo Global Management. The company recently announced the appointment of Shimpei Kanzaki as Managing Director in Japan, a move that is expected to strengthen its presence in the Asian market. Additionally, bank of america has raised its price target for Apollo Global Management from $186.00 to $190.00, maintaining a "buy" rating for the stock.
Looking ahead, Apollo Global Management is set to release its first-quarter 2025 financial results on May 2, 2025. This announcement will provide further insights into the company's performance and strategic direction, potentially influencing investor sentiment and stock price movements.
Furthermore, Apollo Global Management has entered into an agreement to acquire Argo Infrastructure Partners LP, a deal that is expected to be completed in the second quarter of 2025. This acquisition will bolster Apollo's Sustainability & Infrastructure group, enhancing its capabilities across various infrastructure strategies.
