Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. F5 Inc shares valued at $316,477 were sold by Locoh-Donou Francois on Oct 03 ’24. At $218.26 per share, Locoh-Donou Francois sold 1,450 shares. The insider’s holdings dropped to 121,122 shares worth approximately $26.28 million following the completion of this transaction.
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Also, FRANCOIS LOCOH-DONOU purchased 1,450 shares, netting a total of over 316,477 in proceeds.
Before that, Pelzer Francis J. had sold 600 shares from its account. In a trade valued at $130,500, the EVP, Chief Financial Officer traded F5 Inc shares for $217.50 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $6.6 million.
As published in a research note from Needham on January 30, 2024, F5 Inc [FFIV] has been retained to a Buy and the price target has been revised to $220. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late October. As of April 20, 2023, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for FFIV. Earlier on March 07, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for FFIV stock.
Analyzing FFIV Stock Performance
During the last five days, there has been a drop of approximately -2.25%. Over the course of the year, F5 Inc shares have jumped approximately 21.24%. Shares of the company reached a 52-week high of $224.47 on 10/11/24 and a 52-week low of $159.01 on 04/30/24. A 50-day SMA is recorded $208.15, while a 200-day SMA reached $186.76. Nevertheless, trading volume fell to 0.68 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for F5 Inc (FFIV)
According to the 24-hour chart, there is a support level at 215.93, which, if violated, would cause prices to drop to 214.86. In the upper region, resistance lies at 217.65. The next price resistance is at 218.30. RSI (Relative Strength Index) is 53.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.67, which suggests the price will decrease in the coming days. Percent R is at 82.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.