Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fiserv, Inc. shares valued at $3,632,143 were sold by Chiarello Guy on Apr 15 ’24. At $151.79 per share, Chiarello Guy sold 23,929 shares. The insider’s holdings dropped to 163,699 shares worth approximately $24.08 million following the completion of this transaction.
Also, Chiarello Guy sold 63,646 shares, netting a total of over 9,801,484 in proceeds. Following the sale of shares at $154.00 each, the insider now holds 163,699 shares.
Before that, Chiarello Guy had sold 24,000 shares from its account. In a trade valued at $3,588,623, the Chief Operating Officer traded Fiserv, Inc. shares for $149.53 each. Upon closing the transaction, the insider’s holdings decreased to 24,000 shares, worth approximately $24.08 million.
As published in a research note from Oppenheimer on January 11, 2024, Fiserv, Inc. [FI] has been rated up from a Perform to an Outperform and the price target has been revised to $168. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of January 08, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for FI. Earlier on December 05, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for FI stock.
Analyzing FI Stock Performance
During the last five days, there has been a drop of approximately -4.34%. Over the course of the year, Fiserv, Inc. shares have jumped approximately 10.73%. Shares of the company reached a 52-week high of $159.99 on 03/28/24 and a 52-week low of $131.41 on 01/03/24. A 50-day SMA is recorded $151.17, while a 200-day SMA reached $131.87. Nevertheless, trading volume fell to 2.95 million shares from 2.28 million shares the previous day.
Support And Resistance Levels for Fiserv, Inc. (FI)
According to the 24-hour chart, there is a support level at 146.44, which, if violated, would cause prices to drop to 145.78. In the upper region, resistance lies at 148.25. The next price resistance is at 149.40. RSI (Relative Strength Index) is 34.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.06, which suggests the price will decrease in the coming days. Percent R is at 92.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
