In a filing, Griffon Corp. revealed its Director Coben Jerome L unloaded Company’s shares for reported $0.14 million on Feb 26 ’24. In the deal valued at $69.44 per share,2,000 shares were sold. As a result of this transaction, Coben Jerome L now holds 17,052 shares worth roughly $1.18 million.
Then, Renuart Victor Eugene sold 5,000 shares, generating $340,400 in total proceeds. Upon selling the shares at $68.08, the Director now owns 34,917 shares.
Before that, TURNBULL CHERYL L sold 5,000 shares. Griffon Corp. shares valued at $337,650 were divested by the Director at a price of $67.53 per share. As a result of the transaction, TURNBULL CHERYL L now holds 32,205 shares, worth roughly $2.22 million.
Deutsche Bank initiated its Griffon Corp. [GFF] rating to a Buy in a research note published on October 27, 2023; the price target was $65. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early May from “an Outperform” to “a Strong buy”. Stephens began covering GFF with “an Overweight” recommendation on November 11, 2020. Truist started covering the stock on September 17, 2020. It rated GFF as “a Buy”.
Price Performance Review of GFF
On Tuesday, Griffon Corp. [NYSE:GFF] saw its stock jump 3.85% to $69.08. Over the last five days, the stock has gained 3.85%. Griffon Corp. shares have risen nearly 13.34% since the year began. Nevertheless, the stocks have risen 156.60% over the past one year. While a 52-week high of $75.18 was reached on 04/04/24, a 52-week low of $25.74 was recorded on 01/17/24. SMA at 50 days reached $69.59, while 200 days put it at $52.47. A total of 0.26 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For GFF Stock
The 24-hour chart illustrates a support level at 67.54, which if violated will result in even more drops to 66.01. On the upside, there is a resistance level at 69.99. A further resistance level may holdings at 70.91. The Relative Strength Index (RSI) on the 14-day chart is 50.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.34%. Stochastics %K at 22.28% indicates the stock is a holding.
