Fastenal Co.’s recently made public that its SENIOR EXECUTIVE VP Miller Charles S. unloaded Company’s shares for reported $0.83 million on Mar 15 ’24. In the deal valued at $75.16 per share,11,076 shares were sold. As a result of this transaction, Miller Charles S. now holds 0 shares worth roughly $0.0.
Then, Watts Jeffery Michael sold 19,420 shares, generating $1,364,208 in total proceeds. Upon selling the shares at $70.25, the CHIEF SALES OFFICER now owns 5,940 shares.
Before that, Broersma Anthony Paul sold 5,586 shares. Fastenal Co. shares valued at $387,306 were divested by the EVP-OPERATIONS at a price of $69.34 per share. As a result of the transaction, Broersma Anthony Paul now holds 0 shares, worth roughly $0.0.
HSBC Securities initiated its Fastenal Co. [FAST] rating to a Hold in a research note published on September 15, 2023; the price target was $59. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “an Equal-weight”. Stifel began covering FAST with “Buy” recommendation on April 04, 2023.
Price Performance Review of FAST
On Friday, Fastenal Co. [NASDAQ:FAST] saw its stock jump 0.82% to $70.45. Over the last five days, the stock has lost -8.06%. Fastenal Co. shares have risen nearly 8.77% since the year began. Nevertheless, the stocks have risen 34.88% over the past one year. While a 52-week high of $79.04 was reached on 03/21/24, a 52-week low of $49.99 was recorded on 01/09/24. SMA at 50 days reached $73.60, while 200 days put it at $63.05. A total of 6.03 million shares were traded, compared to the trading of 11.05 million shares in the previous session.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 69.48, which if violated will result in even more drops to 68.50. On the upside, there is a resistance level at 71.20. A further resistance level may holdings at 71.94. The Relative Strength Index (RSI) on the 14-day chart is 32.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.73%. Stochastics %K at 7.54% indicates the stock is a buying.
