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Analyzing Fox Factory Holding Corp (FOXF) After Recent Trading Activity

Fox Factory Holding Corp’s filing revealed that its Officer Tutton Christopher acquired Company’s shares for reported $82000.0 on Aug 15 ’24. In the deal valued at $41.00 per share,2,000 shares were bought.

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Then, Tutton Christopher sold 3,000 shares, generating $120,030 in total proceeds. Upon selling the shares at $40.01, the SEE REMARKS (A) now owns 14,637 shares.

Before that, Tutton Christopher sold 2,000 shares. Fox Factory Holding Corp shares valued at $82,000 were divested by the insider (A) at a price of $41.00 per share. As a result of the transaction, Tutton Christopher now holds 12,637 shares, worth roughly $0.46 million.

BofA Securities downgraded its Fox Factory Holding Corp [FOXF] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. B. Riley Securities also remained covering FOXF and has decreased its forecast on November 03, 2023 with a “Neutral” recommendation from previously “Buy” rating. B. Riley Securities started covering the stock on June 29, 2023. It rated FOXF as “a Buy”.

Price Performance Review of FOXF

On Monday, Fox Factory Holding Corp [NASDAQ:FOXF] saw its stock fall -4.37% to $36.74. Over the last five days, the stock has lost -9.24%. Fox Factory Holding Corp shares have fallen nearly -45.55% since the year began. Nevertheless, the stocks have fallen -64.55% over the past one year. While a 52-week high of $106.17 was reached on 01/02/24, a 52-week low of $37.48 was recorded on 09/09/24. SMA at 50 days reached $44.29, while 200 days put it at $51.74.

Levels Of Support And Resistance For FOXF Stock

The 24-hour chart illustrates a support level at 36.07, which if violated will result in even more drops to 35.40. On the upside, there is a resistance level at 38.05. A further resistance level may holdings at 39.35. The Relative Strength Index (RSI) on the 14-day chart is 33.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.42%. Stochastics %K at 13.05% indicates the stock is a buying.

How much short interest is there in Fox Factory Holding Corp?

A steep rise in short interest was recorded in Fox Factory Holding Corp stocks on 2024-08-15, growing by 0.29 million shares to a total of 3.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.51 million shares. There was a rise of 7.75%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 05, 2023 when ROTH MKM began covering the stock and recommended ‘”a Neutral”‘ rating along with a $126 price target.

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