Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Stanley Black & Decker Inc shares valued at $183,660 were sold by Robinson Graham on Dec 05 ’23. At $91.83 per share, Robinson Graham sold 2,000 shares. The insider’s holdings dropped to 26,435 shares worth approximately $2.46 million following the completion of this transaction.
Also, Link Janet sold 3,081 shares, netting a total of over 304,280 in proceeds. Following the sale of shares at $98.76 each, the insider now holds 32,690 shares.
As published in a research note from JP Morgan on December 14, 2023, Stanley Black & Decker Inc [SWK] has been rated down from a Neutral to an Underweight and the price target has been revised to $89. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of August 11, 2023, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for SWK. Earlier on February 03, 2023, Citigroup upgraded its rating. Their new recommendation was “a Neutral” for SWK stock which previously was a “a Sell”.
Analyzing SWK Stock Performance
During the last five days, there has been a drop of approximately -3.46%. Over the course of the year, Stanley Black & Decker Inc shares have dropped approximately -5.29%. Shares of the company reached a 52-week high of $98.67 on 01/11/24 and a 52-week low of $86.16 on 02/13/24. A 50-day SMA is recorded $91.39, while a 200-day SMA reached $91.15. Nevertheless, trading volume fell to 1.58 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for Stanley Black & Decker Inc (SWK)
According to the 24-hour chart, there is a support level at 91.80, which, if violated, would cause prices to drop to 90.69. In the upper region, resistance lies at 94.34. The next price resistance is at 95.77. RSI (Relative Strength Index) is 48.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 87.18%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Stanley Black & Decker Inc subject to short interest?
Stocks of Stanley Black & Decker Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.63 million shares to 6.11 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 5.48 million shares. A jump of 10.31% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.73 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.73.
