Griffon Corp.’s recently made public that its Director Sullivan Kevin F unloaded Company’s shares for reported $0.81 million on Aug 22 ’24. In the deal valued at $65.00 per share,12,447 shares were sold. As a result of this transaction, Sullivan Kevin F now holds 50,390 shares worth roughly $3.17 million.
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Then, Kevin F. Sullivan bought 12,447 shares, generating $797,230 in total proceeds.
Before that, Ronald J. Kramer bought 400,000 shares. Griffon Corp. shares valued at $25,352,000 were divested by the Director and Officer at a price of $63.38 per share.
Deutsche Bank initiated its Griffon Corp. [GFF] rating to a Buy in a research note published on October 27, 2023; the price target was $65. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early May from “an Outperform” to “a Strong buy”. Stephens began covering GFF with “an Overweight” recommendation on November 11, 2020. Truist started covering the stock on September 17, 2020. It rated GFF as “a Buy”.
Price Performance Review of GFF
On Tuesday, Griffon Corp. [NYSE:GFF] saw its stock fall -5.06% to $62.84. Over the last five days, the stock has lost -5.48%. Griffon Corp. shares have risen nearly 3.10% since the year began. Nevertheless, the stocks have risen 50.08% over the past one year. While a 52-week high of $77.99 was reached on 05/08/24, a 52-week low of $38.33 was recorded on 08/07/24. SMA at 50 days reached $65.96, while 200 days put it at $64.17.
Levels Of Support And Resistance For GFF Stock
The 24-hour chart illustrates a support level at 61.65, which if violated will result in even more drops to 60.46. On the upside, there is a resistance level at 65.21. A further resistance level may holdings at 67.58. The Relative Strength Index (RSI) on the 14-day chart is 43.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.94%. Stochastics %K at 64.55% indicates the stock is a holding.
How much short interest is there in Griffon Corp.?
A steep rise in short interest was recorded in Griffon Corp. stocks on 2024-08-15, dropping by -0.65 million shares to a total of 1.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.36 million shares. There was a decline of -37.62%, which implies that there is a negative sentiment for the stock.
