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Insider Selling: HIGGINSON ALAN, F5 Inc [FFIV] Director divested 1,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. F5 Inc shares valued at $201,650 were sold by HIGGINSON ALAN on Sep 09 ’24. At $201.65 per share, HIGGINSON ALAN sold 1,000 shares. The insider’s holdings dropped to 10,707 shares worth approximately $2.29 million following the completion of this transaction.

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Also, HIGGINSON ALAN purchased 1,000 shares, netting a total of over 201,650 in proceeds.

Before that, Locoh-Donou Francois had sold 1,450 shares from its account. In a trade valued at $292,900, the President, CEO & Director traded F5 Inc shares for $202.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,450 shares, worth approximately $26.18 million.

As published in a research note from Needham on January 30, 2024, F5 Inc [FFIV] has been retained to a Buy and the price target has been revised to $220. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late October. As of April 20, 2023, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for FFIV. Earlier on March 07, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for FFIV stock.

Analyzing FFIV Stock Performance

During the last five days, there has been a surge of approximately 5.25%. Over the course of the year, F5 Inc shares have jumped approximately 19.33%. Shares of the company reached a 52-week high of $216.00 on 09/17/24 and a 52-week low of $159.01 on 04/30/24. A 50-day SMA is recorded $192.31, while a 200-day SMA reached $182.15. Nevertheless, trading volume fell to 0.63 million shares from 0.55 million shares the previous day.

Support And Resistance Levels for F5 Inc (FFIV)

According to the 24-hour chart, there is a support level at 211.81, which, if violated, would cause prices to drop to 210.04. In the upper region, resistance lies at 215.42. The next price resistance is at 217.26. RSI (Relative Strength Index) is 72.53 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.21, which suggests the price will increase in the coming days. Percent R is at 13.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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