Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Stanley Black & Decker Inc shares valued at $1,404,847 were sold by Link Janet on Aug 01 ’24. At $103.91 per share, Link Janet sold 13,520 shares. The insider’s holdings dropped to 31,960 shares worth approximately $3.15 million following the completion of this transaction.
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Also, Link Janet purchased 13,520 shares, netting a total of over 1,404,847 in proceeds.
Before that, Link Janet had sold 3,442 shares from its account. In a trade valued at $298,748, the SVP, General Counsel & Sec’y traded Stanley Black & Decker Inc shares for $86.80 each. Upon closing the transaction, the insider’s holdings decreased to 3,442 shares, worth approximately $3.24 million.
As published in a research note from Barclays on June 04, 2024, Stanley Black & Decker Inc [SWK] has been rated down from an Overweight to an Equal weight and the price target has been revised to $86 from $100. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid December. As of October 27, 2023, Citigroup has increased its “Neutral” rating to a “Buy” for SWK. Earlier on August 11, 2023, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for SWK stock which previously was a “a Peer perform”.
Analyzing SWK Stock Performance
During the last five days, there has been a surge of approximately 3.41%. Over the course of the year, Stanley Black & Decker Inc shares have jumped approximately 0.56%. Shares of the company reached a 52-week high of $108.15 on 07/31/24 and a 52-week low of $77.70 on 07/01/24. A 50-day SMA is recorded $89.33, while a 200-day SMA reached $90.78. Nevertheless, trading volume fell to 0.69 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Stanley Black & Decker Inc (SWK)
According to the 24-hour chart, there is a support level at 97.45, which, if violated, would cause prices to drop to 96.25. In the upper region, resistance lies at 99.28. The next price resistance is at 99.91. RSI (Relative Strength Index) is 59.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.57, which suggests the price will increase in the coming days. Percent R is at 6.76%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
