Fortive Corp’s recent filing unveils that its SVP – Human Resources Walker Stacey A. unloaded Company’s shares for reported $71663.0 on Feb 29 ’24. In the deal valued at $85.11 per share,842 shares were sold. As a result of this transaction, Walker Stacey A. now holds 35,716 shares worth roughly $2.94 million.
Then, McLaughlin Charles E sold 40,837 shares, generating $3,523,416 in total proceeds. Upon selling the shares at $86.28, the SVP – Chief Financial Officer now owns 61,855 shares.
Before that, Walker Stacey A. sold 9,106 shares. Fortive Corp shares valued at $787,669 were divested by the SVP – Human Resources at a price of $86.50 per share. As a result of the transaction, Walker Stacey A. now holds 36,558 shares, worth roughly $3.01 million.
Truist initiated its Fortive Corp [FTV] rating to a Buy in a research note published on March 14, 2024; the price target was $99. A number of analysts have revised their coverage, including Vertical Research’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. BofA Securities also remained covering FTV and has decreased its forecast on October 26, 2023 with a “Neutral” recommendation from previously “Buy” rating. Exane BNP Paribas started covering the stock on October 05, 2023. It rated FTV as “an Outperform”.
Price Performance Review of FTV
On Friday, Fortive Corp [NYSE:FTV] saw its stock fall -1.29% to $82.41. Over the last five days, the stock has lost -2.21%. Fortive Corp shares have risen nearly 11.92% since the year began. Nevertheless, the stocks have risen 23.31% over the past one year. While a 52-week high of $87.10 was reached on 03/22/24, a 52-week low of $62.70 was recorded on 01/17/24. SMA at 50 days reached $84.48, while 200 days put it at $75.95. A total of 1.29 million shares were traded, compared to the trading of 1.17 million shares in the previous session.
Levels Of Support And Resistance For FTV Stock
The 24-hour chart illustrates a support level at 81.91, which if violated will result in even more drops to 81.42. On the upside, there is a resistance level at 82.94. A further resistance level may holdings at 83.48. The Relative Strength Index (RSI) on the 14-day chart is 37.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.24%. Stochastics %K at 13.59% indicates the stock is a buying.
The most recent change occurred on August 07, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $92 price target.
