Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fortune Brands Innovations Inc shares valued at $174,414 were sold by HACKETT ANN F on Aug 27 ’24. At $79.39 per share, HACKETT ANN F sold 2,197 shares. The insider’s holdings dropped to 34,815 shares worth approximately $3.09 million following the completion of this transaction.
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Also, HACKETT ANN F purchased 2,197 shares, netting a total of over 177,781 in proceeds.
Before that, Sheri Grissom had added 26,367 shares to its account. In a trade valued at $79, the Officer bought Fortune Brands Innovations Inc shares for $0.00 each.
As published in a research note from BMO Capital Markets on January 31, 2024, Fortune Brands Innovations Inc [FBIN] has been rated down from an Outperform to a Market perform and the price target has been revised to $82 from $76. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid January. Earlier on April 28, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for FBIN stock which previously was a “a Hold”.
Analyzing FBIN Stock Performance
During the last five days, there has been a surge of approximately 1.80%. Over the course of the year, Fortune Brands Innovations Inc shares have jumped approximately 16.72%. Shares of the company reached a 52-week high of $90.54 on 10/01/24 and a 52-week low of $62.54 on 07/05/24. A 50-day SMA is recorded $82.45, while a 200-day SMA reached $76.86. Nevertheless, trading volume fell to 0.77 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Fortune Brands Innovations Inc (FBIN)
According to the 24-hour chart, there is a support level at 88.11, which, if violated, would cause prices to drop to 87.34. In the upper region, resistance lies at 89.93. The next price resistance is at 90.99. RSI (Relative Strength Index) is 60.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.07, which suggests the price will increase in the coming days. Percent R is at 28.78%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
