Fastenal Co.’s recently made public that its Director Johnson Daniel L. acquired Company’s shares for reported $0.23 million on Apr 17 ’24. In the deal valued at $68.38 per share,3,350 shares were bought. As a result of this transaction, Johnson Daniel L. now holds 10,595 shares worth roughly $0.72 million.
Then, Miller Charles S. sold 11,076 shares, generating $832,453 in total proceeds. Upon selling the shares at $75.16, the SENIOR EXECUTIVE VP now owns 0 shares.
Before that, Watts Jeffery Michael sold 19,420 shares. Fastenal Co. shares valued at $1,364,208 were divested by the CHIEF SALES OFFICER at a price of $70.25 per share. As a result of the transaction, Watts Jeffery Michael now holds 5,940 shares, worth roughly $0.4 million.
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 0.10% to $67.57. Over the last five days, the stock has lost -4.09%. Fastenal Co. shares have risen nearly 4.32% since the year began. Nevertheless, the stocks have risen 25.89% over the past one year. While a 52-week high of $79.04 was reached on 03/21/24, a 52-week low of $51.96 was recorded on 01/09/24. SMA at 50 days reached $73.46, while 200 days put it at $63.30. A total of 3.78 million shares were traded, compared to the trading of 3.58 million shares in the previous session.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 67.21, which if violated will result in even more drops to 66.85. On the upside, there is a resistance level at 68.01. A further resistance level may holdings at 68.46. The Relative Strength Index (RSI) on the 14-day chart is 25.92, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.20%. Stochastics %K at 3.31% indicates the stock is a buying.
