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Fiserv, Inc. (FI) receives an Outperform rating from Oppenheimer

Fiserv, Inc.’s recently made public that its Chairman, President and CEO Bisignano Frank unloaded Company’s shares for reported $25.72 million on Sep 20 ’24. In the deal valued at $177.37 per share,145,000 shares were sold. As a result of this transaction, Bisignano Frank now holds 2,965,084 shares worth roughly $548.48 million.

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Then, FRANK J BISIGNANO bought 145,000 shares, generating $25,923,100 in total proceeds.

Before that, Gibbons John sold 18,890 shares. Fiserv, Inc. shares valued at $3,177,487 were divested by the EVP, Head Financial Inst. Grp at a price of $168.21 per share. As a result of the transaction, Gibbons John now holds 28,323 shares, worth roughly $5.24 million.

A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Wells Fargo began covering FI with “an Overweight” recommendation on June 12, 2024. Oppenheimer revised its rating on January 11, 2024. It rated FI as “an Outperform” which previously was an “a Perform”.

Price Performance Review of FI

On Monday, Fiserv, Inc. [NYSE:FI] saw its stock fall -0.24% to $184.98. Over the last five days, the stock has gained 2.97%. Fiserv, Inc. shares have risen nearly 39.25% since the year began. Nevertheless, the stocks have risen 63.48% over the past one year. While a 52-week high of $185.51 was reached on 10/07/24, a 52-week low of $109.11 was recorded on 01/03/24. SMA at 50 days reached $170.92, while 200 days put it at $154.13.

Levels Of Support And Resistance For FI Stock

The 24-hour chart illustrates a support level at 183.86, which if violated will result in even more drops to 182.74. On the upside, there is a resistance level at 186.18. A further resistance level may holdings at 187.38. The Relative Strength Index (RSI) on the 14-day chart is 75.42, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.62%. Stochastics %K at 95.48% indicates the stock is a selling.

How much short interest is there in Fiserv, Inc.?

A steep rise in short interest was recorded in Fiserv, Inc. stocks on 2024-09-13, growing by 1.01 million shares to a total of 8.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.78 million shares. There was a rise of 11.46%, which implies that there is a positive sentiment for the stock.

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