Funko Inc’s filing revealed that its 10% Owner Working Capital Advisors (UK) unloaded Company’s shares for reported $17.8 million on Jul 16 ’24. In the deal valued at $8.90 per share,2,000,000 shares were sold. As a result of this transaction, Working Capital Advisors (UK) now holds 5,129,838 shares worth roughly $44.89 million.
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Then, Daw Tracy D sold 20,000 shares, generating $186,502 in total proceeds. Upon selling the shares at $9.33, the CHIEF LEGAL OFFICER now owns 16,362 shares.
Before that, LUNSFORD MICHAEL C sold 22,404 shares. Funko Inc shares valued at $232,634 were divested by the Director at a price of $10.38 per share. As a result of the transaction, LUNSFORD MICHAEL C now holds 99,074 shares, worth roughly $0.87 million.
B. Riley Securities initiated its Funko Inc [FNKO] rating to a Buy in a research note published on April 10, 2024; the price target was $10. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early February from “a Neutral” to “a Sell”. Jefferies also remained covering FNKO and has decreased its forecast on January 12, 2023 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on November 07, 2022. It rated FNKO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of FNKO
On Friday, Funko Inc [NASDAQ:FNKO] saw its stock fall -8.38% to $8.75. Over the last five days, the stock has lost -5.41%. Funko Inc shares have risen nearly 13.20% since the year began. Nevertheless, the stocks have risen 19.21% over the past one year. While a 52-week high of $10.53 was reached on 06/20/24, a 52-week low of $5.27 was recorded on 04/16/24. SMA at 50 days reached $9.43, while 200 days put it at $7.59. A total of 0.55 million shares were traded, compared to the trading of 0.78 million shares in the previous session.
Levels Of Support And Resistance For FNKO Stock
The 24-hour chart illustrates a support level at 8.51, which if violated will result in even more drops to 8.26. On the upside, there is a resistance level at 9.18. A further resistance level may holdings at 9.60. The Relative Strength Index (RSI) on the 14-day chart is 42.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.81%. Stochastics%K at 51.70% indicates the stock is a holding.
