Fortune Brands Innovations Inc’s filing revealed that its Director WATERS RONALD V unloaded Company’s shares for reported $0.16 million on Mar 11 ’24. In the deal valued at $81.10 per share,2,000 shares were sold. As a result of this transaction, WATERS RONALD V now holds 2,435 shares worth roughly $0.18 million.
Then, PHYFER CHERI M sold 19,530 shares, generating $1,593,671 in total proceeds. Upon selling the shares at $81.60, the EVP, Group President now owns 64,918 shares.
Before that, HACKETT ANN F sold 4,835 shares. Fortune Brands Innovations Inc shares valued at $318,059 were divested by the Director at a price of $65.78 per share. As a result of the transaction, HACKETT ANN F now holds 34,815 shares, worth roughly $2.54 million.
BMO Capital Markets downgraded its Fortune Brands Innovations Inc [FBIN] rating to a Market perform from a an Outperform in a research note published on January 31, 2024; the price target was increased to $82 from $76. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”a Perform”‘ rating. Jefferies revised its rating on April 28, 2023. It rated FBIN as “a Buy” which previously was an “a Hold”.
Price Performance Review of FBIN
On Monday, Fortune Brands Innovations Inc [NYSE:FBIN] saw its stock fall -0.83% to $72.90. Over the last five days, the stock has lost -4.46%. Fortune Brands Innovations Inc shares have fallen nearly -4.26% since the year began. Nevertheless, the stocks have risen 19.78% over the past one year. While a 52-week high of $84.92 was reached on 04/01/24, a 52-week low of $54.10 was recorded on 04/22/24. SMA at 50 days reached $80.09, while 200 days put it at $71.82. A total of 1.49 million shares were traded, compared to the trading of 1.22 million shares in the previous session.
Levels Of Support And Resistance For FBIN Stock
The 24-hour chart illustrates a support level at 72.32, which if violated will result in even more drops to 71.74. On the upside, there is a resistance level at 73.74. A further resistance level may holdings at 74.58. The Relative Strength Index (RSI) on the 14-day chart is 26.78, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.27%. Stochastics %K at 2.52% indicates the stock is a buying.
