Stanley Black & Decker Inc’s recent filing unveils that its SVP, General Counsel & Sec’y Link Janet unloaded Company’s shares for reported $0.3 million on May 06 ’24. In the deal valued at $86.80 per share,3,442 shares were sold. As a result of this transaction, Link Janet now holds 32,860 shares worth roughly $2.87 million.
Then, Robinson Graham sold 2,000 shares, generating $183,660 in total proceeds. Upon selling the shares at $91.83, the SVP & President of Industrial now owns 26,435 shares.
Before that, Link Janet sold 3,081 shares. Stanley Black & Decker Inc shares valued at $304,280 were divested by the SVP, General Counsel & Sec’y at a price of $98.76 per share. As a result of the transaction, Link Janet now holds 32,690 shares, worth roughly $2.85 million.
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 0.32% to $87.29. Over the last five days, the stock has lost -4.50%. Stanley Black & Decker Inc shares have fallen nearly -11.02% since the year began. Nevertheless, the stocks have risen 2.13% 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 05/02/24. SMA at 50 days reached $91.37, while 200 days put it at $90.68. A total of 1.49 million shares were traded, compared to the trading of 2.76 million shares in the previous session.
Levels Of Support And Resistance For SWK Stock
The 24-hour chart illustrates a support level at 86.96, which if violated will result in even more drops to 86.63. On the upside, there is a resistance level at 87.89. A further resistance level may holdings at 88.49. The Relative Strength Index (RSI) on the 14-day chart is 41.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.29%. Stochastics %K at 35.08% indicates the stock is a holding.
