What's Going On With Apollo Global Management Stock Wednesday?

Apollo Global Management, Inc. APO shares are trading higher on Wednesday. The company is anticipated to release 2024 fiscal year second quarter earnings on Thursday. Last week Apollo announced multiple investments and acquisitions with different companies.

The Details: For the second quarter analysts estimate EPS of $1.76 and revenue of $3.87 billion.

On Friday, Apollo announced that on behalf of some of its clients and investors it provided a $700 million capital solution to Sony Music Group. “This investment allows our clients to invest in high grade securities while helping Sony to execute its business plans,” said Apollo Partner Jamshid Ehsani.

Separately, International Game Technology PLC IGT and Everi Holdings Inc. EVRI is set to be acquired by Apollo. International Game Technology is only set to sell its gaming and digital business to Apollo.

Last Thursday, Apollo announced that it has entered into a definitive agreement with Advent International to acquire Evri, a large parcel delivery company in the United Kingdom. The transaction is expected to close during the third quarter.

How To Buy Apollo Global Management Shares

By now you're likely curious about how to participate in the market for Apollo Global Management APO – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

See Also: Beyond The Numbers: 6 Analysts Discuss Outfront Media Stock

APO Price Action: At the time of writing, Apollo is trading 2.43% higher at $125.62 per data from Benzinga Pro.

Image: 4131445 from Pixabay.