Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Funko Inc shares valued at $31,035 were sold by Daw Tracy D on Mar 11 ’24. At $6.45 per share, Daw Tracy D sold 4,808 shares. The insider’s holdings dropped to 51,170 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Oddie Andrew David sold 2,337 shares, netting a total of over 15,470 in proceeds. Following the sale of shares at $6.62 each, the insider now holds 50,552 shares.
Before that, Oddie Andrew David had sold 3,422 shares from its account. In a trade valued at $21,943, the CHIEF REVENUE OFFICER traded Funko Inc shares for $6.41 each. Upon closing the transaction, the insider’s holdings decreased to 3,422 shares, worth approximately $0.3 million.
As published in a research note from Goldman on February 01, 2023, Funko Inc [FNKO] has been rated down from a Neutral to a Sell and the price target has been revised to $8.50 from $22. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid January. As of November 07, 2022, BofA Securities has decreased its “Buy” rating to a “Neutral” for FNKO. Earlier on November 04, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for FNKO stock which previously was a “a Buy”.
Analyzing FNKO Stock Performance
During the last five days, there has been a drop of approximately -2.64%. Over the course of the year, Funko Inc shares have dropped approximately -18.89%. Shares of the company reached a 52-week high of $8.28 on 02/08/24 and a 52-week low of $5.88 on 03/25/24. A 50-day SMA is recorded $6.99, while a 200-day SMA reached $7.55. Nevertheless, trading volume fell to 0.93 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Funko Inc (FNKO)
According to the 24-hour chart, there is a support level at 6.09, which, if violated, would cause prices to drop to 5.91. In the upper region, resistance lies at 6.44. The next price resistance is at 6.61. RSI (Relative Strength Index) is 42.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 75.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Funko Inc subject to short interest?
Stocks of Funko Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.28 million shares to 4.12 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.84 million shares. A jump of 6.8% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 10.35 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.35.
