Apollo Global Stock Slumps to 52-Week Low of $25.22

Shares of Apollo Global Management, Inc. closed at a 52-week low of $25.22 on June 24, 2026. The stock declined approximately 4.1% during the session, underperforming the broader financial sector. The price represents a significant retreat from the stock's 52-week high of $38.75 set earlier in the year.

Context — why this matters now

The current sell-off aligns with a period of renewed pressure on capital-intensive business models. The S&P 500 Financials Index has declined for three consecutive weeks as Treasury yields remain elevated. The 10-year U.S. Treasury yield has held above 4.5% throughout June, increasing borrowing costs for leveraged buyouts.

Apollo’s decline mirrors a similar pattern observed in September 2023. Alternative asset managers faced a steep correction when the Federal Reserve signaled a more restrictive monetary policy path. On that occasion, Apollo’s stock dropped 18% over a single month.

The immediate catalyst for the June 24 drop appears to be a combination of sector-wide weakness and concerns over portfolio valuations. Private equity firms are preparing to report second-quarter earnings, which will include updated marks on their vast holdings. Investors are pricing in potential write-downs on assets acquired during the peak valuation period of 2021.

Data — what the numbers show

Apollo’s stock performance metrics highlight the severity of the recent downturn. The stock is down 22% year-to-date, contrasting with the S&P 500’s modest gain of 3.5% over the same period. Trading volume on June 24 was 8.2 million shares, notably higher than the 30-day average volume of 5.1 million shares.

The decline has erased over $12 billion in market capitalization since the start of the year. Apollo’s current price-to-earnings ratio of 8.5x now sits at a discount to its five-year historical average of 11.2x. This valuation compression is more pronounced than that of some peers.

Metric	Apollo Global Management	Blackstone Inc.	KKR & Co.
YTD Performance	-22%	-15%	-18%
P/E Ratio (approx.)	8.5x	12.1x	10.8x

Analyst sentiment has also shifted. The consensus 12-month price target for Apollo has been revised down to $32.50 from $41.00 three months ago.

Analysis — what it means for markets / sectors / tickers

The sell-off in Apollo signals a broader reassessment of the alternative asset management sector. Firms like Blackstone and KKR have also seen significant outflows, indicating a systemic concern. Higher financing costs directly impact the internal rate of return calculations for new private equity deals, potentially slowing future profit growth.

Second-order effects are visible in related financial sectors. Business development companies, which provide credit to middle-market firms, may face pressure as their major sponsors like Apollo see their equity valuations decline. Conversely, companies with low debt burdens and strong cash flows could benefit as investors rotate away from leveraged business models.

A counter-argument is that Apollo’s growing insurance and credit business, Athora, provides a stable earnings base that may be undervalued by the market. This segment is less sensitive to private equity cycles. However, the market is currently prioritizing concerns over the core private equity operations.

Positioning data from recent options activity shows a rise in put volume for Apollo, suggesting some investors are hedging or betting on further downside. Institutional flow has been net negative for the past five trading sessions.

Outlook — what to watch next

Market participants will focus on Apollo’s second-quarter earnings report, scheduled for late July 2026. The report will provide critical insight into the mark-to-market valuation of the firm’s private portfolio. Any significant write-downs could trigger further selling pressure.

The next Federal Open Market Committee meeting on July 29-30 will be pivotal. A confirmation of a "higher-for-longer" interest rate stance would likely sustain pressure on the stock. A dovish pivot, while unexpected, could catalyze a sharp rebound.

Key technical levels to monitor include the $25.00 psychological support level. A sustained break below this point could open a path toward the $23.50 support zone established in late 2024. On the upside, the 50-day moving average near $28.50 represents initial resistance.

Frequently Asked Questions

Why is Apollo Global Management stock falling?

Apollo's stock is falling due to macroeconomic headwinds, specifically persistently high interest rates. These rates increase the cost of debt used to finance leveraged buyouts, which are central to Apollo's private equity business. The market is also concerned that the high valuations of companies Apollo acquired in recent years may need to be written down, hurting future earnings potential.

How does Apollo’s performance compare to Blackstone?

While both major alternative asset managers are down year-to-date, Apollo has underperformed Blackstone. Apollo's stock has declined 22% compared to Blackstone's 15% drop. This performance gap may be attributed to Apollo's heavier reliance on traditional private equity, which is more sensitive to interest rates, whereas Blackstone has a larger footprint in potentially more resilient areas like real estate and infrastructure.

What is the dividend yield for Apollo stock at this price?

At the current stock price of $25.22, Apollo’s dividend yield is approximately 4.7%, based on its most recent quarterly dividend payout. This yield is significantly higher than the S&P 500 average, reflecting the stock's decline. However, the sustainability of the dividend depends on Apollo's ability to generate stable fee-related earnings and realized investment income in a challenging environment.

Bottom Line

Apollo's new low reflects a fundamental repricing of private equity assets amid sustained high interest rates.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. CFD trading carries high risk of capital loss.