Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Floor & Decor Holdings Inc shares valued at $2,731,114 were sold by Robbins Brian K on Feb 29 ’24. At $122.70 per share, Robbins Brian K sold 22,258 shares. The insider’s holdings dropped to 12,729 shares worth approximately $1.45 million following the completion of this transaction.
Also, DENNY STEVEN ALAN sold 5,152 shares, netting a total of over 636,375 in proceeds. Following the sale of shares at $123.52 each, the insider now holds 13,271 shares.
Before that, AXELROD NORMAN had sold 30,000 shares from its account. In a trade valued at $3,696,300, the Director traded Floor & Decor Holdings Inc shares for $123.21 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $22.37 million.
As published in their initiating research note from TD Cowen on April 10, 2024, Floor & Decor Holdings Inc [FND] has been a Hold and the price target has been revised to $125. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid March. As of March 05, 2024, UBS has decreased its “Buy” rating to a “Neutral” for FND. Earlier on February 23, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for FND stock.
Analyzing FND Stock Performance
During the last five days, there has been a drop of approximately -5.77%. Over the course of the year, Floor & Decor Holdings Inc shares have jumped approximately 2.26%. Shares of the company reached a 52-week high of $135.67 on 03/21/24 and a 52-week low of $100.07 on 02/05/24. A 50-day SMA is recorded $117.53, while a 200-day SMA reached $103.09. Nevertheless, trading volume fell to 1.86 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for Floor & Decor Holdings Inc (FND)
According to the 24-hour chart, there is a support level at 112.10, which, if violated, would cause prices to drop to 110.13. In the upper region, resistance lies at 116.43. The next price resistance is at 118.79. RSI (Relative Strength Index) is 39.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.14, which suggests the price will decrease in the coming days. Percent R is at 93.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Floor & Decor Holdings Inc subject to short interest?
Stocks of Floor & Decor Holdings Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.14 million shares to 16.67 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 16.81 million shares. A decline of -0.84% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.71 of the overall float, the days-to-cover ratio (short ratio) decline to 9.71.
