Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $2.36 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 -3.85%. Over the course of the year, Stanley Black & Decker Inc shares have dropped approximately -8.94%. 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 $91.31, while a 200-day SMA reached $91.11. Nevertheless, trading volume fell to 1.31 million shares from 0.93 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 88.54, which, if violated, would cause prices to drop to 87.74. In the upper region, resistance lies at 90.62. The next price resistance is at 91.90. RSI (Relative Strength Index) is 39.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.81, which suggests the price will decrease in the coming days. Percent R is at 96.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
