Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Floor & Decor Holdings Inc shares valued at $2,066,063 were sold by SAYMAN ERSAN on Aug 19 ’24. At $107.00 per share, SAYMAN ERSAN sold 19,309 shares. The insider’s holdings dropped to 46,076 shares worth approximately $5.45 million following the completion of this transaction.
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Also, Ersan Sayman purchased 19,309 shares, netting a total of over 2,066,063 in proceeds.
Before that, TAYLOR THOMAS V had sold 34,199 shares from its account. In a trade valued at $4,274,875, the CHIEF EXECUTIVE OFFICER traded Floor & Decor Holdings Inc shares for $125.00 each. Upon closing the transaction, the insider’s holdings decreased to 34,199 shares, worth approximately $19.9 million.
As published in a research note from Telsey Advisory Group on August 02, 2024, Floor & Decor Holdings Inc [FND] has been retained to a Market perform and the price target has been revised to $95. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late July. As of July 19, 2024, Citigroup has reiterated its “Neutral” rating for FND. Earlier on April 10, 2024, TD Cowen initiated its rating. Their recommendation was “a Hold” for FND stock.
Analyzing FND Stock Performance
During the last five days, there has been a drop of approximately -2.30%. Over the course of the year, Floor & Decor Holdings Inc shares have jumped approximately 5.96%. Shares of the company reached a 52-week high of $135.67 on 03/21/24 and a 52-week low of $89.06 on 08/02/24. A 50-day SMA is recorded $108.46, while a 200-day SMA reached $111.02. Nevertheless, trading volume fell to 0.84 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for Floor & Decor Holdings Inc (FND)
According to the 24-hour chart, there is a support level at 116.87, which, if violated, would cause prices to drop to 115.54. In the upper region, resistance lies at 120.34. The next price resistance is at 122.48. RSI (Relative Strength Index) is 56.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 62.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
