The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fox Factory Holding Corp shares valued at $498,375 were purchased by DENNISON MICHAEL C. on Jun 10 ’24. At $44.30 per share, DENNISON MICHAEL C. acquired 11,250 shares. The insider’s holdings grew to 130,266 shares worth approximately $6.1 million following the completion of this transaction.
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Also, Fletcher Thomas L. sold 2,000 shares, netting a total of over 88,820 in proceeds. Following the sale of shares at $44.41 each, the insider now holds 11,311 shares.
Before that, DUNCAN THOMAS E. had sold 1,427 shares from its account. In a trade valued at $159,696, the Director traded Fox Factory Holding Corp shares for $111.91 each. Upon closing the transaction, the insider’s holdings decreased to 1,427 shares, worth approximately $0.4 million.
As published in a research note from BofA Securities on February 23, 2024, Fox Factory Holding Corp [FOXF] has been rated down from a Buy to a Neutral and the price target has been revised to $55. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of November 03, 2023, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for FOXF. Earlier on June 29, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for FOXF stock.
Analyzing FOXF Stock Performance
During the last five days, there has been a surge of approximately 2.07%. Over the course of the year, Fox Factory Holding Corp shares have dropped approximately -30.66%. Shares of the company reached a 52-week high of $70.13 on 01/02/24 and a 52-week low of $37.98 on 04/30/24. A 50-day SMA is recorded $44.24, while a 200-day SMA reached $64.88. Nevertheless, trading volume fell to 0.51 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Fox Factory Holding Corp (FOXF)
According to the 24-hour chart, there is a support level at 46.11, which, if violated, would cause prices to drop to 45.42. In the upper region, resistance lies at 47.98. The next price resistance is at 49.16. RSI (Relative Strength Index) is 55.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 33.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
