In a filing, Fastenal Co. revealed 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 $0.7 million.
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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 $0.39 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 fall -0.58% to $66.42. Over the last five days, the stock has lost -2.15%. Fastenal Co. shares have risen nearly 2.55% since the year began. Nevertheless, the stocks have risen 23.27% over the past one year. While a 52-week high of $79.04 was reached on 03/21/24, a 52-week low of $52.53 was recorded on 01/09/24. SMA at 50 days reached $71.70, while 200 days put it at $64.25. A total of 2.83 million shares were traded, compared to the trading of 2.86 million shares in the previous session.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 65.92, which if violated will result in even more drops to 65.41. On the upside, there is a resistance level at 66.96. A further resistance level may holdings at 67.49. The Relative Strength Index (RSI) on the 14-day chart is 32.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.40%. Stochastics %K at 27.04% indicates the stock is a holding.
