Fastenal Co.’s recent filing unveils that its SENIOR EXECUTIVE VP Miller Charles S. unloaded Company’s shares for reported $0.83 million on Mar 15 ’24. In the deal valued at $75.16 per share,11,076 shares were sold. As a result of this transaction, Miller Charles S. now holds 0 shares worth roughly $0.0.
Then, Watts Jeffery Michael sold 19,420 shares, generating $1,364,208 in total proceeds. Upon selling the shares at $70.25, the CHIEF SALES OFFICER now owns 5,940 shares.
Before that, Broersma Anthony Paul sold 5,586 shares. Fastenal Co. shares valued at $387,306 were divested by the EVP-OPERATIONS at a price of $69.34 per share. As a result of the transaction, Broersma Anthony Paul now holds 0 shares, worth roughly $0.0.
HSBC Securities initiated its Fastenal Co. [FAST] rating to a Hold in a research note published on September 15, 2023; the price target was $59. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “an Equal-weight”. Stifel began covering FAST with “Buy” recommendation on April 04, 2023.
Price Performance Review of FAST
On Friday, Fastenal Co. [NASDAQ:FAST] saw its stock jump 1.94% to $76.63. Over the last five days, the stock has lost -0.66%. Fastenal Co. shares have risen nearly 18.31% since the year began. Nevertheless, the stocks have risen 45.46% over the past one year. While a 52-week high of $79.04 was reached on 03/21/24, a 52-week low of $49.99 was recorded on 01/09/24. SMA at 50 days reached $73.13, while 200 days put it at $62.66. A total of 3.7 million shares were traded, compared to the trading of 3.98 million shares in the previous session.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 75.78, which if violated will result in even more drops to 74.93. On the upside, there is a resistance level at 77.18. A further resistance level may holdings at 77.72. The Relative Strength Index (RSI) on the 14-day chart is 57.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.71%. Stochastics %K at 29.63% indicates the stock is a holding.
How much short interest is there in Fastenal Co.?
A steep rise in short interest was recorded in Fastenal Co. stocks on Mar 15, 2024, dropping by -0.6 million shares to a total of 18.35 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 18.95 million shares. There was a decline of -3.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.66% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.88.
