Federal Signal Corp.’s filing revealed that its SVP & COO WEBER MARK unloaded Company’s shares for reported $3.68 million on Nov 09 ’23. In the deal valued at $64.67 per share,56,944 shares were sold. As a result of this transaction, WEBER MARK now holds 47,857 shares worth roughly $3.98 million.
Then, WEBER MARK sold 4,500 shares, generating $285,507 in total proceeds. Upon selling the shares at $63.45, the SVP & COO now owns 47,857 shares.
Before that, MARTIN DENNIS J sold 32,191 shares. Federal Signal Corp. shares valued at $1,978,884 were divested by the Director at a price of $61.47 per share. As a result of the transaction, MARTIN DENNIS J now holds 523,550 shares, worth roughly $43.58 million.
DA Davidson downgraded its Federal Signal Corp. [FSS] rating to a Neutral from a a Buy in a research note published on July 31, 2023; the price target was decreased to $66 from $68. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. KeyBanc Capital Markets also remained covering FSS and has decreased its forecast on November 21, 2022 with a “Sector weight” recommendation from previously “an Overweight” rating. DA Davidson revised its rating on October 07, 2022. It rated FSS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FSS
On Tuesday, Federal Signal Corp. [NYSE:FSS] saw its stock fall -0.28% to $83.23. Over the last five days, the stock has lost -1.83%. Federal Signal Corp. shares have risen nearly 8.46% since the year began. Nevertheless, the stocks have risen 62.08% over the past one year. While a 52-week high of $88.47 was reached on 04/04/24, a 52-week low of $49.82 was recorded on 01/09/24. SMA at 50 days reached $81.37, while 200 days put it at $69.37. A total of 0.24 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For FSS Stock
The 24-hour chart illustrates a support level at 82.43, which if violated will result in even more drops to 81.64. On the upside, there is a resistance level at 83.67. A further resistance level may holdings at 84.12. The Relative Strength Index (RSI) on the 14-day chart is 51.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.06%. Stochastics %K at 39.15% indicates the stock is a holding.
The most recent change occurred on October 14, 2021 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $45 price target.
