H.B. Fuller Company’s recently made public that its Sr. VP, International Growth Campe Heather unloaded Company’s shares for reported $0.27 million on Feb 13 ’24. In the deal valued at $76.83 per share,3,450 shares were sold. As a result of this transaction, Campe Heather now holds 19,736 shares worth roughly $1.55 million.
Then, Malik Muhammad Shahbaz sold 14,000 shares, generating $1,067,924 in total proceeds. Upon selling the shares at $76.28, the Sr. Vice President, CA now owns 9,089 shares.
Before that, Campe Heather sold 13,243 shares. H.B. Fuller Company shares valued at $1,020,427 were divested by the Sr. VP, International Growth at a price of $77.05 per share. As a result of the transaction, Campe Heather now holds 20,406 shares, worth roughly $1.6 million.
Vertical Research initiated its H.B. Fuller Company [FUL] rating to a Buy in a research note published on March 19, 2024; the price target was $88. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Neutral”. Citigroup began covering FUL with “Neutral” recommendation on September 11, 2023. Citigroup revised its rating on February 03, 2023. It rated FUL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FUL
On Tuesday, H.B. Fuller Company [NYSE:FUL] saw its stock jump 0.60% to $78.65. Over the last five days, the stock has lost -0.32%. H.B. Fuller Company shares have fallen nearly -3.39% since the year began. Nevertheless, the stocks have risen 22.70% over the past one year. While a 52-week high of $84.31 was reached on 03/28/24, a 52-week low of $62.57 was recorded on 02/05/24. SMA at 50 days reached $78.45, while 200 days put it at $74.12. A total of 0.21 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For FUL Stock
The 24-hour chart illustrates a support level at 78.08, which if violated will result in even more drops to 77.51. On the upside, there is a resistance level at 79.10. A further resistance level may holdings at 79.55. The Relative Strength Index (RSI) on the 14-day chart is 47.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.01%. Stochastics %K at 16.42% indicates the stock is a buying.
How much short interest is there in H.B. Fuller Company?
A steep rise in short interest was recorded in H.B. Fuller Company stocks on Mar 28, 2024, dropping by 22870.0 shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.75 million shares. There was a decline of -3.13%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.58.
