Franklin Electric Co., Inc.’s filing revealed that its President, Headwater Companies davis delancey w unloaded Company’s shares for reported $0.24 million on Mar 08 ’24. In the deal valued at $103.32 per share,2,335 shares were sold. As a result of this transaction, davis delancey w now holds 8,014 shares worth roughly $0.83 million.
Then, SENGSTACK GREGG C sold 10,366 shares, generating $1,036,162 in total proceeds. Upon selling the shares at $99.96, the Chairperson and CEO now owns 154,993 shares.
Before that, SENGSTACK GREGG C sold 9,000 shares. Franklin Electric Co., Inc. shares valued at $812,250 were divested by the Chairperson and CEO at a price of $90.25 per share. As a result of the transaction, SENGSTACK GREGG C now holds 170,619 shares, worth roughly $17.67 million.
Northcoast upgraded its Franklin Electric Co., Inc. [FELE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid April with a ‘”a Perform”‘ rating. Northcoast also remained covering FELE and has decreased its forecast on August 15, 2022 with a “Neutral” recommendation from previously “Buy” rating. Northcoast started covering the stock on July 15, 2022. It rated FELE as “a Buy”.
Price Performance Review of FELE
On Tuesday, Franklin Electric Co., Inc. [NASDAQ:FELE] saw its stock jump 0.65% to $103.59. Over the last five days, the stock has gained 0.04%. Franklin Electric Co., Inc. shares have risen nearly 7.18% since the year began. Nevertheless, the stocks have risen 19.18% over the past one year. While a 52-week high of $107.89 was reached on 03/28/24, a 52-week low of $82.61 was recorded on 01/09/24. SMA at 50 days reached $101.00, while 200 days put it at $95.50. A total of 0.2 million shares were traded, compared to the trading of 0.16 million shares in the previous session.
Levels Of Support And Resistance For FELE Stock
The 24-hour chart illustrates a support level at 102.42, which if violated will result in even more drops to 101.24. On the upside, there is a resistance level at 104.38. A further resistance level may holdings at 105.16. The Relative Strength Index (RSI) on the 14-day chart is 53.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.69%. Stochastics %K at 28.51% indicates the stock is a holding.
How much short interest is there in Franklin Electric Co., Inc.?
A steep rise in short interest was recorded in Franklin Electric Co., Inc. stocks on Mar 15, 2024, growing by 0.32 million shares to a total of 0.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.49 million shares. There was a rise of 39.18%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.40% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.01.
