Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fiserv, Inc. shares valued at $3,959,280 were sold by Chiarello Guy on Aug 15 ’24. At $164.97 per share, Chiarello Guy sold 24,000 shares. The insider’s holdings dropped to 163,699 shares worth approximately $27.13 million following the completion of this transaction.
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Also, Chiarello Guy purchased 24,000 shares, netting a total of over 3,959,279 in proceeds.
Before that, Chiarello Guy had sold 24,000 shares from its account. In a trade valued at $3,716,564, the Chief Operating Officer traded Fiserv, Inc. shares for $154.86 each. Upon closing the transaction, the insider’s holdings decreased to 24,000 shares, worth approximately $27.13 million.
As published in their initiating research note from Wells Fargo on June 12, 2024, Fiserv, Inc. [FI] has been an Overweight and the price target has been revised to $180. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid January. As of January 10, 2024, Exane BNP Paribas has increased its “Neutral” rating to a “an Outperform” for FI. Earlier on January 08, 2024, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for FI stock which previously was a “a Sector weight”.
Analyzing FI Stock Performance
During the last five days, there has been a surge of approximately 3.48%. Over the course of the year, Fiserv, Inc. shares have jumped approximately 24.75%. Shares of the company reached a 52-week high of $165.98 on 08/15/24 and a 52-week low of $131.41 on 01/03/24. A 50-day SMA is recorded $154.43, while a 200-day SMA reached $145.36. Nevertheless, trading volume fell to 1.89 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Fiserv, Inc. (FI)
According to the 24-hour chart, there is a support level at 164.59, which, if violated, would cause prices to drop to 163.47. In the upper region, resistance lies at 166.41. The next price resistance is at 167.11. RSI (Relative Strength Index) is 64.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.14, which suggests the price will increase in the coming days. Percent R is at 2.20%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
