Floor & Decor Holdings Inc’s recent filing unveils that its EVP – BUS. DVLPMT, STRATEGY Robbins Brian K unloaded Company’s shares for reported $2.73 million on Feb 29 ’24. In the deal valued at $122.70 per share,22,258 shares were sold. As a result of this transaction, Robbins Brian K now holds 12,729 shares worth roughly $1.52 million.
Then, DENNY STEVEN ALAN sold 5,152 shares, generating $636,375 in total proceeds. Upon selling the shares at $123.52, the EVP, STORE OPERATIONS now owns 13,271 shares.
Before that, AXELROD NORMAN sold 30,000 shares. Floor & Decor Holdings Inc shares valued at $3,696,300 were divested by the Director at a price of $123.21 per share. As a result of the transaction, AXELROD NORMAN now holds 196,080 shares, worth roughly $23.37 million.
Mizuho initiated its Floor & Decor Holdings Inc [FND] rating to a Neutral in a research note published on March 19, 2024; the price target was $115. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Neutral”. Telsey Advisory Group also remained covering FND and reiterated its “Market perform” recommendation on February 23, 2024. Telsey Advisory Group maintained its rating on February 16, 2024. It rated FND as “a Market perform”.
Price Performance Review of FND
On Friday, Floor & Decor Holdings Inc [NYSE:FND] saw its stock fall -0.18% to $119.19. Over the last five days, the stock has lost -8.05%. Floor & Decor Holdings Inc shares have risen nearly 6.84% since the year began. Nevertheless, the stocks have risen 21.44% over the past one year. While a 52-week high of $135.67 was reached on 03/21/24, a 52-week low of $76.30 was recorded on 02/05/24. SMA at 50 days reached $116.78, while 200 days put it at $102.75. A total of 1.07 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For FND Stock
The 24-hour chart illustrates a support level at 118.17, which if violated will result in even more drops to 117.16. On the upside, there is a resistance level at 120.18. A further resistance level may holdings at 121.18. The Relative Strength Index (RSI) on the 14-day chart is 45.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.17%. Stochastics %K at 11.71% indicates the stock is a buying.
How much short interest is there in Floor & Decor Holdings Inc?
A steep rise in short interest was recorded in Floor & Decor Holdings Inc stocks on Mar 15, 2024, dropping by -0.14 million shares to a total of 16.67 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 16.81 million shares. There was a decline of -0.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 21.53% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.71.
