The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fastenal Co. shares valued at $31,475 were purchased by HSU Hsenghung Sam on Jun 11 ’24. At $62.95 per share, HSU Hsenghung Sam acquired 500 shares. The insider’s holdings grew to 4,000 shares worth approximately $0.26 million following the completion of this transaction.
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Also, HSU Hsenghung Sam purchased 500 shares, netting a total of over 31,640 in proceeds. Following the buying of shares at $63.28 each, the insider now holds 3,500 shares.
Before that, Jansen James C had sold 11,428 shares from its account. In a trade valued at $732,147, the EXECUTIVE VICE PRESIDENT traded Fastenal Co. shares for $64.07 each. Upon closing the transaction, the insider’s holdings decreased to 11,428 shares, worth approximately $1.73 million.
As published in their initiating research note from HSBC Securities on September 15, 2023, Fastenal Co. [FAST] has been a Hold and the price target has been revised to $59. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid July. As of April 04, 2023, Stifel has initiated its “Buy” rating for FAST.
Analyzing FAST Stock Performance
During the last five days, there has been a drop of approximately -1.84%. Over the course of the year, Fastenal Co. shares have jumped approximately 2.16%. Shares of the company reached a 52-week high of $79.04 on 03/21/24 and a 52-week low of $61.33 on 01/09/24. A 50-day SMA is recorded $65.61, while a 200-day SMA reached $66.84. Nevertheless, trading volume fell to 1.98 million shares from 2.21 million shares the previous day.
Support And Resistance Levels for Fastenal Co. (FAST)
According to the 24-hour chart, there is a support level at 65.43, which, if violated, would cause prices to drop to 64.69. In the upper region, resistance lies at 66.75. The next price resistance is at 67.34. RSI (Relative Strength Index) is 46.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.51, which suggests the price will decrease in the coming days. Percent R is at 81.44%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
