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. Funko Inc shares valued at $56,355 were sold by LUNSFORD MICHAEL C on Aug 15 ’24. At $9.55 per share, LUNSFORD MICHAEL C sold 5,900 shares. The insider’s holdings dropped to 98,974 shares worth approximately $0.96 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, LUNSFORD MICHAEL C sold 100 shares, netting a total of over 963 in proceeds. Following the sale of shares at $9.63 each, the insider now holds 98,974 shares.
Before that, MICHAEL LUNSFORD had added 5,900 shares to its account. In a trade valued at $56,355, the Director bought Funko Inc shares for $9.55 each.
As published in their initiating research note from B. Riley Securities on April 10, 2024, Funko Inc [FNKO] has been a Buy and the price target has been revised to $10. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early February. As of January 12, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for FNKO. Earlier on November 07, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for FNKO stock which previously was a “a Buy”.
Analyzing FNKO Stock Performance
During the last five days, there has been a surge of approximately 12.62%. Over the course of the year, Funko Inc shares have jumped approximately 25.87%. Shares of the company reached a 52-week high of $10.53 on 06/20/24 and a 52-week low of $5.36 on 04/16/24. A 50-day SMA is recorded $9.50, while a 200-day SMA reached $7.65. Nevertheless, trading volume fell to 0.66 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Funko Inc (FNKO)
According to the 24-hour chart, there is a support level at 9.52, which, if violated, would cause prices to drop to 9.30. In the upper region, resistance lies at 9.93. The next price resistance is at 10.12. RSI (Relative Strength Index) is 56.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 24.32%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
