Fastenal Co.’s recently made public that its Director HSU Hsenghung Sam acquired Company’s shares for reported $31475.0 on Jun 11 ’24. In the deal valued at $62.95 per share,500 shares were bought. As a result of this transaction, HSU Hsenghung Sam now holds 4,000 shares worth roughly $0.25 million.
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Then, HSU Hsenghung Sam bought 500 shares, generating $31,640 in total proceeds. Upon buying the shares at $63.28, the Director now owns 3,500 shares.
Before that, Jansen James C sold 11,428 shares. Fastenal Co. shares valued at $732,147 were divested by the EXECUTIVE VICE PRESIDENT at a price of $64.07 per share. As a result of the transaction, Jansen James C now holds 26,176 shares, worth roughly $1.63 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 Monday, Fastenal Co. [NASDAQ:FAST] saw its stock fall -1.19% to $62.09. Over the last five days, the stock has lost -4.54%. Fastenal Co. shares have fallen nearly -4.14% since the year began. Nevertheless, the stocks have risen 6.73% over the past one year. While a 52-week high of $79.04 was reached on 03/21/24, a 52-week low of $53.49 was recorded on 01/09/24. SMA at 50 days reached $65.81, while 200 days put it at $65.40. A total of 2.35 million shares were traded, compared to the trading of 5.92 million shares in the previous session.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 61.59, which if violated will result in even more drops to 61.08. On the upside, there is a resistance level at 63.04. A further resistance level may holdings at 63.98. The Relative Strength Index (RSI) on the 14-day chart is 33.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.53%. Stochastics%K at 22.15% indicates the stock is a holding.
