Apollo's Shares Drop 1.6% on $300M in Volume Ranking 416th as Insider Sales and Strategic Moves Spark Investor Caution

Apollo Global Management (APO) closed July 29, 2025, down 1.60% with a trading volume of $300 million, ranking 416th in market activity. The decline reflects a mix of investor caution and sector-specific pressures tied to the firm’s strategic moves.

Torsten Sløk, Apollo’s chief economist, highlighted risks of an economic slowdown before a potential recovery, drawing parallels to the AI-driven market exuberance surpassing the 1990s tech bubble. This commentary added to broader macroeconomic uncertainty, weighing on risk appetite for asset managers like Apollo. Share sales by Apollo-affiliated entities in ADT’s secondary offering of 71 million shares intensified short-term pressure. The move, coupled with insider sales totaling $502 million over the past year, signaled internal concerns about valuation or strategic flexibility.

Apollo’s involvement in a private equity bidding war for Forward Air and its recent win to manage Singapore’s $1 billion private credit fund underscored its active role in capital deployment. However, these developments lack immediate directional clarity for its stock. Speculation about a potential executive order to ease 401(k) investments into private assets, including Apollo’s offerings, added a longer-term tailwind. Near-term earnings expectations and macroeconomic headwinds, such as dollar volatility, remain pivotal for investor sentiment.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day yielded a 166.71% return from 2022 to the present, significantly outperforming the benchmark return of 29.18%. The strategy’s excess return was 137.53%, and it achieved a CAGR of 31.89%. This conclusion is based on the following points: the strategy’s return from 2022 to the present was 166.71%, surpassing the benchmark return of 29.18% by a substantial margin. The strategy’s excess return, calculated as the difference between the strategy’s return and the benchmark return, was 137.53%. The strategy achieved a CAGR of 31.89% from 2022 to the present. The strategy recorded a maximum drawdown of 0.00% and a Sharpe ratio of 1.14. A maximum drawdown of 0.00% indicates that the strategy did not experience any losses during the backtest period, while a Sharpe ratio of 1.14 suggests that the strategy’s risk-adjusted returns were high.