In a filing, Funko Inc revealed its CHIEF LEGAL OFFICER Daw Tracy D unloaded Company’s shares for reported $45568.0 on Apr 03 ’24. In the deal valued at $6.08 per share,7,500 shares were sold. As a result of this transaction, Daw Tracy D now holds 58,670 shares worth roughly $0.34 million.
Then, Oddie Andrew David sold 7,631 shares, generating $46,480 in total proceeds. Upon selling the shares at $6.09, the CHIEF COMMERCIAL OFFICER now owns 57,921 shares.
Before that, Le Pendeven Yves sold 4,134 shares. Funko Inc shares valued at $25,229 were divested by the Acting CFO at a price of $6.10 per share. As a result of the transaction, Le Pendeven Yves now holds 27,983 shares, worth roughly $0.16 million.
Goldman downgraded its Funko Inc [FNKO] rating to a Sell from a a Neutral in a research note published on February 01, 2023; the price target was decreased to $8.50 from $22. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. BofA Securities also remained covering FNKO and has decreased its forecast on November 07, 2022 with a “Neutral” recommendation from previously “Buy” rating. Truist revised its rating on November 04, 2022. It rated FNKO as “a Hold” which previously was an “a Buy”.
Price Performance Review of FNKO
On Friday, Funko Inc [NASDAQ:FNKO] saw its stock fall -1.38% to $5.73. Over the last five days, the stock has lost -8.17%. Funko Inc shares have fallen nearly -25.87% since the year began. Nevertheless, the stocks have fallen -38.85% over the past one year. While a 52-week high of $13.42 was reached on 02/08/24, a 52-week low of $5.27 was recorded on 04/05/24. SMA at 50 days reached $6.86, while 200 days put it at $7.35. A total of 0.56 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For FNKO Stock
The 24-hour chart illustrates a support level at 5.59, which if violated will result in even more drops to 5.46. On the upside, there is a resistance level at 5.83. A further resistance level may holdings at 5.94. The Relative Strength Index (RSI) on the 14-day chart is 32.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.65%. Stochastics %K at 17.31% indicates the stock is a buying.
How much short interest is there in Funko Inc?
A steep rise in short interest was recorded in Funko Inc stocks on Mar 15, 2024, growing by 0.71 million shares to a total of 4.6 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.89 million shares. There was a rise of 15.43%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.06% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.71.
