Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Stanley Black & Decker Inc shares valued at $298,748 were sold by Link Janet on May 06 ’24. At $86.80 per share, Link Janet sold 3,442 shares. The insider’s holdings dropped to 32,860 shares worth approximately $2.86 million following the completion of this transaction.
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Also, Robinson Graham sold 2,000 shares, netting a total of over 183,660 in proceeds. Following the sale of shares at $91.83 each, the insider now holds 26,435 shares.
Before that, Link Janet had sold 3,081 shares from its account. In a trade valued at $304,280, the SVP, General Counsel & Sec’y traded Stanley Black & Decker Inc shares for $98.76 each. Upon closing the transaction, the insider’s holdings decreased to 3,081 shares, worth approximately $2.85 million.
As published in a research note from JP Morgan on December 14, 2023, Stanley Black & Decker Inc [SWK] has been rated down from a Neutral to an Underweight and the price target has been revised to $89. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of August 11, 2023, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for SWK. Earlier on February 03, 2023, Citigroup upgraded its rating. Their new recommendation was “a Neutral” for SWK stock which previously was a “a Sell”.
Analyzing SWK Stock Performance
During the last five days, there has been a drop of approximately -4.62%. Over the course of the year, Stanley Black & Decker Inc shares have dropped approximately -11.14%. Shares of the company reached a 52-week high of $98.67 on 01/11/24 and a 52-week low of $83.02 on 05/02/24. A 50-day SMA is recorded $91.21, while a 200-day SMA reached $90.15. Nevertheless, trading volume fell to 1.17 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Stanley Black & Decker Inc (SWK)
According to the 24-hour chart, there is a support level at 86.60, which, if violated, would cause prices to drop to 86.03. In the upper region, resistance lies at 88.17. The next price resistance is at 89.17. RSI (Relative Strength Index) is 41.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 69.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
