Snap-on, Inc.’s filing revealed that its VP – Operations Development Boyd Iain unloaded Company’s shares for reported $1.81 million on Oct 15 ’24. In the deal valued at $298.99 per share,6,044 shares were sold. As a result of this transaction, Boyd Iain now holds 10,493 shares worth roughly $3.1 million.
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Then, Miller Richard Thomas sold 3,296 shares, generating $986,885 in total proceeds. Upon selling the shares at $299.42, the VP, Gen Counsel & Secretary now owns 3,218 shares.
Before that, IAIN BOYD bought 6,044 shares. Snap-on, Inc. shares valued at $1,792,650 were divested by the Officer at a price of $296.60 per share.
ROTH MKM reiterated its Snap-on, Inc. [SNA] rating to a Buy in a research note published on July 17, 2023; the price target was $324. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in early July with a ‘”a Neutral”‘ rating. ROTH MKM also remained covering SNA and has increased its forecast on May 18, 2023 with a “Buy” recommendation from previously “Neutral” rating. Longbow revised its rating on April 21, 2023. It rated SNA as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of SNA
On Tuesday, Snap-on, Inc. [NYSE:SNA] saw its stock fall -0.31% to $295.68. Over the last five days, the stock has gained 3.59%. Snap-on, Inc. shares have risen nearly 2.37% since the year began. Nevertheless, the stocks have risen 16.57% over the past one year. While a 52-week high of $298.49 was reached on 10/15/24, a 52-week low of $249.84 was recorded on 07/05/24. SMA at 50 days reached $281.24, while 200 days put it at $278.61.
Levels Of Support And Resistance For SNA Stock
The 24-hour chart illustrates a support level at 293.20, which if violated will result in even more drops to 290.72. On the upside, there is a resistance level at 300.40. A further resistance level may holdings at 305.11. The Relative Strength Index (RSI) on the 14-day chart is 65.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.10%. Stochastics %K at 83.96% indicates the stock is a selling.
How much short interest is there in Snap-on, Inc.?
A steep rise in short interest was recorded in Snap-on, Inc. stocks on 2024-09-30, dropping by -0.38 million shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.96 million shares. There was a decline of -14.7%, which implies that there is a negative sentiment for the stock.
