In a filing, Stanley Black & Decker Inc revealed its SVP, General Counsel & Sec’y Link Janet unloaded Company’s shares for reported $1.4 million on Aug 01 ’24. In the deal valued at $103.91 per share,13,520 shares were sold. As a result of this transaction, Link Janet now holds 31,960 shares worth roughly $-3.48 million.
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Then, Link Janet bought 13,520 shares, generating $1,404,847 in total proceeds.
Before that, Link Janet sold 3,442 shares. Stanley Black & Decker Inc shares valued at $298,748 were divested by the SVP, General Counsel & Sec’y at a price of $86.80 per share. As a result of the transaction, Link Janet now holds 32,860 shares, worth roughly $3.58 million.
Morgan Stanley initiated its Stanley Black & Decker Inc [SWK] rating to an Equal-weight in a research note published on September 06, 2024; the price target was $107. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early June from “an Overweight” to “an Equal weight”. JP Morgan also remained covering SWK and has decreased its forecast on December 14, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Citigroup revised its rating on October 27, 2023. It rated SWK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SWK
On Monday, Stanley Black & Decker Inc [NYSE:SWK] saw its stock jump 0.82% to $108.85. Over the last five days, the stock has gained 2.39%. Stanley Black & Decker Inc shares have risen nearly 10.96% since the year began. Nevertheless, the stocks have risen 31.46% over the past one year. While a 52-week high of $110.88 was reached on 09/27/24, a 52-week low of $76.57 was recorded on 07/01/24. SMA at 50 days reached $101.71, while 200 days put it at $92.93.
Levels Of Support And Resistance For SWK Stock
The 24-hour chart illustrates a support level at 107.15, which if violated will result in even more drops to 105.44. On the upside, there is a resistance level at 109.81. A further resistance level may holdings at 110.76. The Relative Strength Index (RSI) on the 14-day chart is 63.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.25%. Stochastics %K at 46.55% indicates the stock is a holding.
How much short interest is there in Stanley Black & Decker Inc?
A steep rise in short interest was recorded in Stanley Black & Decker Inc stocks on 2024-09-30, dropping by -0.14 million shares to a total of 4.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.73 million shares. There was a decline of -3.1%, which implies that there is a negative sentiment for the stock.
