Fastenal Co.’s recently made public that its Director Johnson Daniel L. acquired Company’s shares for reported $0.23 million on Apr 17 ’24. In the deal valued at $68.38 per share,3,350 shares were bought. As a result of this transaction, Johnson Daniel L. now holds 10,595 shares worth roughly $0.73 million.
Then, Miller Charles S. sold 11,076 shares, generating $832,453 in total proceeds. Upon selling the shares at $75.16, the SENIOR EXECUTIVE VP now owns 0 shares.
Before that, Watts Jeffery Michael sold 19,420 shares. Fastenal Co. shares valued at $1,364,208 were divested by the CHIEF SALES OFFICER at a price of $70.25 per share. As a result of the transaction, Watts Jeffery Michael now holds 5,940 shares, worth roughly $0.41 million.
HSBC Securities initiated its Fastenal Co. [FAST] rating to a Hold in a research note published on September 15, 2023; the price target was $59. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “an Equal-weight”. Stifel began covering FAST with “Buy” recommendation on April 04, 2023.
Price Performance Review of FAST
On Friday, Fastenal Co. [NASDAQ:FAST] saw its stock jump 0.50% to $68.43. Over the last five days, the stock has gained 0.38%. Fastenal Co. shares have risen nearly 5.65% since the year began. Nevertheless, the stocks have risen 27.33% over the past one year. While a 52-week high of $79.04 was reached on 03/21/24, a 52-week low of $52.52 was recorded on 01/09/24. SMA at 50 days reached $73.03, while 200 days put it at $63.81. A total of 2.59 million shares were traded, compared to the trading of 3.08 million shares in the previous session.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 67.98, which if violated will result in even more drops to 67.54. On the upside, there is a resistance level at 68.91. A further resistance level may holdings at 69.40. The Relative Strength Index (RSI) on the 14-day chart is 36.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.70%. Stochastics %K at 37.26% indicates the stock is a holding.
