Snap-on, Inc.’s recent filing unveils that its VP, Gen Counsel & Secretary Miller Richard Thomas unloaded Company’s shares for reported $0.21 million on Mar 28 ’24. In the deal valued at $298.16 per share,704 shares were sold. As a result of this transaction, Miller Richard Thomas now holds 3,213 shares worth roughly $0.86 million.
Then, PINCHUK NICHOLAS T sold 23,514 shares, generating $6,759,767 in total proceeds. Upon selling the shares at $287.48, the Chairman, President and CEO now owns 742,383 shares.
Before that, Banerjee Anup R sold 12,397 shares. Snap-on, Inc. shares valued at $3,509,995 were divested by the Sr VP & Chief Devel. Officer at a price of $283.13 per share. As a result of the transaction, Banerjee Anup R now holds 11,420 shares, worth roughly $3.07 million.
ROTH MKM reiterated its Snap-on, Inc. [SNA] rating to a Buy in a research note published on July 17, 2023; the price target was $324. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in early July with a ‘”a Neutral”‘ rating. ROTH MKM also remained covering SNA and has increased its forecast on May 18, 2023 with a “Buy” recommendation from previously “Neutral” rating. Longbow revised its rating on April 21, 2023. It rated SNA as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of SNA
On Friday, Snap-on, Inc. [NYSE:SNA] saw its stock jump 2.69% to $268.80. Over the last five days, the stock has lost -7.18%. Snap-on, Inc. shares have fallen nearly -6.94% since the year began. Nevertheless, the stocks have risen 12.11% over the past one year. While a 52-week high of $298.49 was reached on 03/28/24, a 52-week low of $239.08 was recorded on 02/13/24. SMA at 50 days reached $283.07, while 200 days put it at $275.38. A total of 0.52 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For SNA Stock
The 24-hour chart illustrates a support level at 264.13, which if violated will result in even more drops to 259.47. On the upside, there is a resistance level at 271.28. A further resistance level may holdings at 273.77. The Relative Strength Index (RSI) on the 14-day chart is 31.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.87%. Stochastics %K at 13.95% indicates the stock is a buying.
