Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fastenal Co. shares valued at $3,484,050 were sold by FLORNESS DANIEL L on Sep 12 ’24. At $69.68 per share, FLORNESS DANIEL L sold 50,000 shares. The insider’s holdings dropped to 286,018 shares worth approximately $20.22 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, DANIEL LARS FLORNESS purchased 50,000 shares, netting a total of over 3,484,050 in proceeds.
Before that, FLORNESS DANIEL L had sold 45,744 shares from its account. In a trade valued at $3,117,056, the CEO traded Fastenal Co. shares for $68.14 each. Upon closing the transaction, the insider’s holdings decreased to 45,744 shares, worth approximately $20.22 million.
As published in their initiating research note from Morgan Stanley on September 06, 2024, Fastenal Co. [FAST] has been an Equal-weight and the price target has been revised to $72. Analysts at HSBC Securities started covering the stock with ‘”a Hold”‘ outlook in a report released in mid September. As of July 13, 2023, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for FAST. Earlier on April 04, 2023, Stifel initiated its rating. Their recommendation was “a Buy” for FAST stock.
Analyzing FAST Stock Performance
During the last five days, there has been a drop of approximately -1.31%. Over the course of the year, Fastenal Co. shares have jumped approximately 9.17%. Shares of the company reached a 52-week high of $79.04 on 03/21/24 and a 52-week low of $61.33 on 01/09/24. A 50-day SMA is recorded $68.58, while a 200-day SMA reached $68.47. Nevertheless, trading volume fell to 1.91 million shares from 1.49 million shares the previous day.
Support And Resistance Levels for Fastenal Co. (FAST)
According to the 24-hour chart, there is a support level at 70.36, which, if violated, would cause prices to drop to 70.01. In the upper region, resistance lies at 71.06. The next price resistance is at 71.40. RSI (Relative Strength Index) is 55.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 58.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
