Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Figs Inc shares valued at $87,282 were sold by Turenshine Daniella on Mar 05 ’24. At $5.54 per share, Turenshine Daniella sold 15,762 shares. The insider’s holdings dropped to 409,858 shares worth approximately $2.11 million following the completion of this transaction.
Also, Hasson Heather L. sold 1,824 shares, netting a total of over 10,100 in proceeds. Following the sale of shares at $5.54 each, the insider now holds 497,484 shares.
Before that, Turenshine Daniella had sold 4,201 shares from its account. In a trade valued at $25,206, the Chief Financial Officer traded Figs Inc shares for $6.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,201 shares, worth approximately $2.19 million.
As published in a research note from BofA Securities on April 02, 2024, Figs Inc [FIGS] has been rated down from a Neutral to an Underperform and the price target has been revised to $4.50 from $8.50. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early March. As of February 29, 2024, Telsey Advisory Group has decreased its “an Outperform” rating to a “Market perform” for FIGS. Earlier on January 24, 2024, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for FIGS stock which previously was a “an Underweight”.
Analyzing FIGS Stock Performance
During the last five days, there has been a surge of approximately 1.58%. Over the course of the year, Figs Inc shares have dropped approximately -25.90%. Shares of the company reached a 52-week high of $6.88 on 01/02/24 and a 52-week low of $4.37 on 04/03/24. A 50-day SMA is recorded $5.03, while a 200-day SMA reached $6.05. Nevertheless, trading volume fell to 3.65 million shares from 2.98 million shares the previous day.
Support And Resistance Levels for Figs Inc (FIGS)
According to the 24-hour chart, there is a support level at 4.99, which, if violated, would cause prices to drop to 4.82. In the upper region, resistance lies at 5.24. The next price resistance is at 5.32. RSI (Relative Strength Index) is 55.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 26.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
