Griffon Corp.’s recently made public that its Chairman of the Board and CEO KRAMER RONALD J unloaded Company’s shares for reported $6.71 million on Jun 12 ’24. In the deal valued at $67.07 per share,100,000 shares were sold. As a result of this transaction, KRAMER RONALD J now holds 2,500,746 shares worth roughly $161.82 million.
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Then, Durborow W. Christopher sold 13,000 shares, generating $869,440 in total proceeds. Upon selling the shares at $66.88, the Vice President & CAO now owns 48,368 shares.
Before that, Coben Jerome L sold 2,000 shares. Griffon Corp. shares valued at $138,880 were divested by the Director at a price of $69.44 per share. As a result of the transaction, Coben Jerome L now holds 17,052 shares, worth roughly $1.1 million.
Deutsche Bank initiated its Griffon Corp. [GFF] rating to a Buy in a research note published on October 27, 2023; the price target was $65. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early May from “an Outperform” to “a Strong buy”. Stephens began covering GFF with “an Overweight” recommendation on November 11, 2020. Truist started covering the stock on September 17, 2020. It rated GFF as “a Buy”.
Price Performance Review of GFF
On Tuesday, Griffon Corp. [NYSE:GFF] saw its stock jump 1.00% to $64.71. Over the last five days, the stock has gained 3.17%. Griffon Corp. shares have risen nearly 6.17% since the year began. Nevertheless, the stocks have risen 60.57% over the past one year. While a 52-week high of $77.99 was reached on 05/08/24, a 52-week low of $38.33 was recorded on 01/17/24. SMA at 50 days reached $67.05, while 200 days put it at $58.62. A total of 0.32 million shares were traded, compared to the trading of 1.31 million shares in the previous session.
Levels Of Support And Resistance For GFF Stock
The 24-hour chart illustrates a support level at 64.03, which if violated will result in even more drops to 63.36. On the upside, there is a resistance level at 65.32. A further resistance level may holdings at 65.94. The Relative Strength Index (RSI) on the 14-day chart is 46.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.96%. Stochastics%K at 36.77% indicates the stock is a holding.
