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Insider Selling Buzz: Stanley Black & Decker Inc [SWK] SVP & President of Industrial Robinson Graham sold 2,000 shares of the company

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In a filing, Stanley Black & Decker Inc revealed its SVP & President of Industrial Robinson Graham unloaded Company’s shares for reported $0.18 million on Dec 05 ’23. In the deal valued at $91.83 per share,2,000 shares were sold. As a result of this transaction, Robinson Graham now holds 26,435 shares worth roughly $2.42 million.

Then, Link Janet sold 3,081 shares, generating $304,280 in total proceeds. Upon selling the shares at $98.76, the SVP, General Counsel & Sec’y now owns 32,690 shares.

JP Morgan downgraded its Stanley Black & Decker Inc [SWK] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. Wolfe Research also remained covering SWK and has decreased its forecast on August 11, 2023 with a “an Underperform” recommendation from previously “Peer perform” rating. Citigroup revised its rating on February 03, 2023. It rated SWK as “a Neutral” which previously was an “a Sell”.

Price Performance Review of SWK

On Tuesday, Stanley Black & Decker Inc [NYSE:SWK] saw its stock jump 0.48% to $91.40. Over the last five days, the stock has gained 0.73%. Stanley Black & Decker Inc shares have fallen nearly -6.83% since the year began. Nevertheless, the stocks have risen 5.86% over the past one year. While a 52-week high of $104.21 was reached on 01/11/24, a 52-week low of $73.87 was recorded on 02/13/24. SMA at 50 days reached $91.47, while 200 days put it at $90.95. A total of 2.62 million shares were traded, compared to the trading of 1.15 million shares in the previous session.

Levels Of Support And Resistance For SWK Stock

The 24-hour chart illustrates a support level at 90.28, which if violated will result in even more drops to 89.16. On the upside, there is a resistance level at 92.51. A further resistance level may holdings at 93.62. The Relative Strength Index (RSI) on the 14-day chart is 49.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.73%. Stochastics %K at 43.84% indicates the stock is a holding.

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