Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fortune Brands Innovations Inc shares valued at $162,204 were sold by WATERS RONALD V on Mar 11 ’24. At $81.10 per share, WATERS RONALD V sold 2,000 shares. The insider’s holdings dropped to 2,435 shares worth approximately $0.16 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, PHYFER CHERI M sold 19,530 shares, netting a total of over 1,593,671 in proceeds. Following the sale of shares at $81.60 each, the insider now holds 64,918 shares.
As published in a research note from BMO Capital Markets on January 31, 2024, Fortune Brands Innovations Inc [FBIN] has been rated down from an Outperform to a Market perform and the price target has been revised to $82 from $76. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid January. Earlier on April 28, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for FBIN stock which previously was a “a Hold”.
Analyzing FBIN Stock Performance
During the last five days, there has been a drop of approximately -0.35%. Over the course of the year, Fortune Brands Innovations Inc shares have dropped approximately -11.18%. Shares of the company reached a 52-week high of $84.92 on 04/01/24 and a 52-week low of $64.92 on 06/10/24. A 50-day SMA is recorded $71.65, while a 200-day SMA reached $71.83. Nevertheless, trading volume fell to 1.45 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Fortune Brands Innovations Inc (FBIN)
According to the 24-hour chart, there is a support level at 66.93, which, if violated, would cause prices to drop to 66.23. In the upper region, resistance lies at 68.03. The next price resistance is at 68.43. RSI (Relative Strength Index) is 42.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 55.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
