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Redburn Atlantic analysts initates a Neutral rating for Fair Isaac Corp. (FICO)

Fair Isaac Corp.’s recent filing unveils that its EVP, Gen. Counsel & Sec. Scadina Mark R unloaded Company’s shares for reported $6.93 million on Jun 14 ’24. In the deal valued at $1385.77 per share,5,000 shares were sold. As a result of this transaction, Scadina Mark R now holds 19,919 shares worth roughly $30.46 million.

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Then, DEAL RICHARD sold 13,591 shares, generating $18,678,098 in total proceeds. Upon selling the shares at $1374.30, the Executive Vice President now owns 49,314 shares.

Before that, Scadina Mark R sold 7,310 shares. Fair Isaac Corp. shares valued at $10,033,735 were divested by the EVP, Gen. Counsel & Sec. at a price of $1372.60 per share. As a result of the transaction, Scadina Mark R now holds 24,919 shares, worth roughly $38.11 million.

Redburn Atlantic initiated its Fair Isaac Corp. [FICO] rating to a Neutral in a research note published on April 16, 2024; the price target was $1113. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early November with a ‘”an Overweight”‘ rating. HSBC Securities began covering FICO with “Reduce” recommendation on September 29, 2023. Raymond James started covering the stock on September 06, 2023. It rated FICO as “an Outperform”.

Price Performance Review of FICO

On Tuesday, Fair Isaac Corp. [NYSE:FICO] saw its stock jump 2.20% to $1529.38. Over the last five days, the stock has gained 4.95%. Fair Isaac Corp. shares have risen nearly 31.39% since the year began. Nevertheless, the stocks have risen 89.00% over the past one year. While a 52-week high of $1518.27 was reached on 07/02/24, a 52-week low of $776.63 was recorded on 04/26/24. SMA at 50 days reached $1,329.89, while 200 days put it at $1,169.74. A total of 0.26 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For FICO Stock

The 24-hour chart illustrates a support level at 1,501.51, which if violated will result in even more drops to 1,473.65. On the upside, there is a resistance level at 1,543.43. A further resistance level may holdings at 1,557.49. The Relative Strength Index (RSI) on the 14-day chart is 77.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 62.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.12%. Stochastics%K at 92.52% indicates the stock is a selling.

The most recent change occurred on January 06, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $697 price target.

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