Selling Buzz: Fair Isaac Corp. [FICO] President and CEO LANSING WILLIAM J sells 8,000 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fair Isaac Corp. shares valued at $9,807,459 were sold by LANSING WILLIAM J on Mar 19 ’24. At $1225.93 per share, LANSING WILLIAM J sold 8,000 shares. The insider’s holdings dropped to 20,638 shares worth approximately $25.79 million following the completion of this transaction.

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Also, LANSING WILLIAM J sold 8,000 shares, netting a total of over 10,079,255 in proceeds. Following the sale of shares at $1259.91 each, the insider now holds 28,638 shares.

Before that, Weber Steven P. had sold 136 shares from its account. In a trade valued at $157,714, the Executive Vice President & CFO traded Fair Isaac Corp. shares for $1159.66 each. Upon closing the transaction, the insider’s holdings decreased to 136 shares, worth approximately $2.42 million.

As published in their initiating research note from Wells Fargo on November 08, 2023, Fair Isaac Corp. [FICO] has been an Overweight and the price target has been revised to $1120. Analysts at HSBC Securities started covering the stock with ‘”a Reduce”‘ outlook in a report released in late September. As of September 06, 2023, Raymond James has initiated its “an Outperform” rating for FICO. Earlier on January 06, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for FICO stock.

Analyzing FICO Stock Performance

During the last five days, there has been a drop of approximately -2.38%. Over the course of the year, Fair Isaac Corp. shares have jumped approximately 7.35%. Shares of the company reached a 52-week high of $1,349.75 on 03/08/24 and a 52-week low of $1,113.19 on 01/05/24. A 50-day SMA is recorded $1,267.98, while a 200-day SMA reached $1,020.29. Nevertheless, trading volume fell to 0.15 million shares from 0.12 million shares the previous day.

Support And Resistance Levels for Fair Isaac Corp. (FICO)

According to the 24-hour chart, there is a support level at 1,239.96, which, if violated, would cause prices to drop to 1,230.31. In the upper region, resistance lies at 1,267.87. The next price resistance is at 1,286.13. RSI (Relative Strength Index) is 47.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.20, which suggests the price will increase in the coming days. Percent R is at 54.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Fair Isaac Corp. subject to short interest?

Stocks of Fair Isaac Corp. saw a sharp rise in short interest on Mar 15, 2024 jumping by 93060.0 shares to 0.65 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.55 million shares. A jump of 14.41% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.68 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.68.

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