The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Factset Research Systems Inc. shares valued at $1,249,770 were sold by Snow Frederick Philip on Sep 03 ’24. At $416.59 per share, Snow Frederick Philip sold 3,000 shares. The insider’s holdings dropped to 12,915 shares worth approximately $6.06 million following the completion of this transaction.
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Also, Snow Frederick Philip purchased 3,000 shares, netting a total of over 1,249,770 in proceeds.
Before that, Snow Frederick Philip had sold 3,000 shares from its account. In a trade valued at $1,238,250, the Chief Executive Officer traded Factset Research Systems Inc. shares for $412.75 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $6.06 million.
As published in their initiating research note from Wells Fargo on August 13, 2024, Factset Research Systems Inc. [FDS] has been an Equal weight and the price target has been revised to $435. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late May. As of April 11, 2024, Wolfe Research has initiated its “an Underperform” rating for FDS. Earlier on March 22, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for FDS stock which previously was a “an Overweight”.
Analyzing FDS Stock Performance
During the last five days, there has been a surge of approximately 6.73%. Over the course of the year, Factset Research Systems Inc. shares have dropped approximately -1.59%. Shares of the company reached a 52-week high of $488.64 on 03/20/24 and a 52-week low of $391.84 on 06/05/24. A 50-day SMA is recorded $420.74, while a 200-day SMA reached $439.30. Nevertheless, trading volume fell to 0.67 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Factset Research Systems Inc. (FDS)
According to the 24-hour chart, there is a support level at 455.77, which, if violated, would cause prices to drop to 442.06. In the upper region, resistance lies at 479.22. The next price resistance is at 488.96. RSI (Relative Strength Index) is 76.06 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 16.14, which suggests the price will increase in the coming days. Percent R is at 9.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
