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B. Riley Securities analysts initates a Buy rating for Funko Inc (FNKO)

Funko Inc’s recent filing unveils that its CHIEF COMMERCIAL OFFICER Oddie Andrew David unloaded Company’s shares for reported $14622.0 on Apr 22 ’24. In the deal valued at $6.21 per share,2,353 shares were sold. As a result of this transaction, Oddie Andrew David now holds 60,476 shares worth roughly $0.37 million.

Then, Le Pendeven Yves sold 223 shares, generating $1,388 in total proceeds. Upon selling the shares at $6.22, the Acting CFO now owns 28,619 shares.

Before that, Daw Tracy D sold 7,500 shares. Funko Inc shares valued at $45,568 were divested by the CHIEF LEGAL OFFICER at a price of $6.08 per share. As a result of the transaction, Daw Tracy D now holds 58,670 shares, worth roughly $0.36 million.

B. Riley Securities initiated its Funko Inc [FNKO] rating to a Buy in a research note published on April 10, 2024; the price target was $10. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early February from “a Neutral” to “a Sell”. Jefferies also remained covering FNKO and has decreased its forecast on January 12, 2023 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on November 07, 2022. It rated FNKO as “a Neutral” which previously was an “a Buy”.

Price Performance Review of FNKO

On Tuesday, Funko Inc [NASDAQ:FNKO] saw its stock fall -1.13% to $6.11. Over the last five days, the stock has gained 12.11%. Funko Inc shares have fallen nearly -20.96% since the year began. Nevertheless, the stocks have fallen -33.22% over the past one year. While a 52-week high of $13.42 was reached on 02/08/24, a 52-week low of $5.27 was recorded on 04/16/24. SMA at 50 days reached $6.44, while 200 days put it at $7.05. A total of 0.65 million shares were traded, compared to the trading of 0.51 million shares in the previous session.

Levels Of Support And Resistance For FNKO Stock

The 24-hour chart illustrates a support level at 6.02, which if violated will result in even more drops to 5.93. On the upside, there is a resistance level at 6.28. A further resistance level may holdings at 6.46. The Relative Strength Index (RSI) on the 14-day chart is 51.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.37%. Stochastics %K at 74.12% indicates the stock is a holding.

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