Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fiserv, Inc. shares valued at $25,718,036 were sold by Bisignano Frank on Sep 20 ’24. At $177.37 per share, Bisignano Frank sold 145,000 shares. The insider’s holdings dropped to 2,965,084 shares worth approximately $543.68 million following the completion of this transaction.
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Also, FRANK J BISIGNANO purchased 145,000 shares, netting a total of over 25,923,100 in proceeds.
Before that, Gibbons John had sold 18,890 shares from its account. In a trade valued at $3,177,487, the EVP, Head Financial Inst. Grp traded Fiserv, Inc. shares for $168.21 each. Upon closing the transaction, the insider’s holdings decreased to 18,890 shares, worth approximately $5.19 million.
Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of June 12, 2024, Wells Fargo has initiated its “an Overweight” rating for FI. Earlier on January 11, 2024, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for FI stock which previously was a “a Perform”.
Analyzing FI Stock Performance
During the last five days, there has been a surge of approximately 3.36%. Over the course of the year, Fiserv, Inc. shares have jumped approximately 38.03%. Shares of the company reached a 52-week high of $183.56 on 10/03/24 and a 52-week low of $131.41 on 01/03/24. A 50-day SMA is recorded $169.83, while a 200-day SMA reached $153.62. Nevertheless, trading volume fell to 1.97 million shares from 2.3 million shares the previous day.
Support And Resistance Levels for Fiserv, Inc. (FI)
According to the 24-hour chart, there is a support level at 182.30, which, if violated, would cause prices to drop to 181.24. In the upper region, resistance lies at 183.99. The next price resistance is at 184.62. RSI (Relative Strength Index) is 74.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.92, which suggests the price will increase in the coming days. Percent R is at 2.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
