Five Below Inc’s recently made public that its Director Vellios Thomas unloaded Company’s shares for reported $1.86 million on Jan 19 ’24. In the deal valued at $185.82 per share,10,000 shares were sold. As a result of this transaction, Vellios Thomas now holds 333,697 shares worth roughly $48.73 million.
Then, Anderson Joel D bought 3,100 shares, generating $500,650 in total proceeds. Upon buying the shares at $161.50, the President & CEO now owns 99,656 shares.
Before that, SARGENT RONALD sold 55 shares. Five Below Inc shares valued at $10,617 were divested by the Director at a price of $193.03 per share. As a result of the transaction, SARGENT RONALD now holds 93,619 shares, worth roughly $13.67 million.
Wells Fargo upgraded its Five Below Inc [FIVE] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “a Neutral”. Gordon Haskett also remained covering FIVE and has decreased its forecast on April 03, 2024 with a “Accumulate” recommendation from previously “Buy” rating. Telsey Advisory Group maintained its rating on March 21, 2024. It rated FIVE as “an Outperform”.
Price Performance Review of FIVE
On Monday, Five Below Inc [NASDAQ:FIVE] saw its stock jump 0.84% to $146.02. Over the last five days, the stock has lost -0.82%. Five Below Inc shares have fallen nearly -31.50% since the year began. Nevertheless, the stocks have fallen -24.89% over the past one year. While a 52-week high of $216.18 was reached on 01/02/24, a 52-week low of $140.19 was recorded on 05/01/24. SMA at 50 days reached $174.98, while 200 days put it at $181.38. A total of 0.63 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For FIVE Stock
The 24-hour chart illustrates a support level at 144.33, which if violated will result in even more drops to 142.64. On the upside, there is a resistance level at 147.34. A further resistance level may holdings at 148.66. The Relative Strength Index (RSI) on the 14-day chart is 33.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.17%. Stochastics %K at 29.97% indicates the stock is a holding.
The most recent change occurred on March 19, 2024 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $225 price target.
