In a filing, Fastenal Co. revealed its Officer DANIEL LARS FLORNESS acquired Company’s shares for reported $3.48 million on Sep 12 ’24. In the deal valued at $69.68 per share,50,000 shares were bought.
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Then, FLORNESS DANIEL L sold 45,744 shares, generating $3,117,056 in total proceeds. Upon selling the shares at $68.14, the CEO now owns 286,018 shares.
Before that, DANIEL LARS FLORNESS bought 45,744 shares. Fastenal Co. shares valued at $3,117,056 were divested by the Officer at a price of $68.14 per share.
Morgan Stanley initiated its Fastenal Co. [FAST] rating to an Equal-weight in a research note published on September 06, 2024; the price target was $72. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Stephens also remained covering FAST and has decreased its forecast on July 13, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Stifel started covering the stock on April 04, 2023. It rated FAST as “a Buy”.
Price Performance Review of FAST
On Friday, Fastenal Co. [NASDAQ:FAST] saw its stock unchanged to $69.82. Over the last five days, the stock has gained 5.96%. Fastenal Co. shares have risen nearly 7.80% since the year began. Nevertheless, the stocks have risen 28.44% over the past one year. While a 52-week high of $79.04 was reached on 03/21/24, a 52-week low of $53.49 was recorded on 01/09/24. SMA at 50 days reached $67.25, while 200 days put it at $67.84.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 69.41, which if violated will result in even more drops to 69.00. On the upside, there is a resistance level at 70.17. A further resistance level may holdings at 70.52. The Relative Strength Index (RSI) on the 14-day chart is 62.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.81%. Stochastics %K at 96.65% indicates the stock is a selling.
How much short interest is there in Fastenal Co.?
A steep rise in short interest was recorded in Fastenal Co. stocks on 2024-08-30, growing by 0.24 million shares to a total of 14.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 13.89 million shares. There was a rise of 1.72%, which implies that there is a positive sentiment for the stock.
