Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fortive Corp shares valued at $508,142 were sold by McLaughlin Charles E on Sep 13 ’24. At $74.03 per share, McLaughlin Charles E sold 6,864 shares. The insider’s holdings dropped to 73,391 shares worth approximately $5.67 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Schwarz Jonathan L sold 14,223 shares, netting a total of over 1,049,657 in proceeds. Following the sale of shares at $73.80 each, the insider now holds 68,161 shares.
Before that, Schwarz Jonathan L had added 14,223 shares to its account. In a trade valued at $1,049,612, the Officer bought Fortive Corp shares for $73.80 each.
As published in a research note from JP Morgan on October 10, 2024, Fortive Corp [FTV] has been rated up from a Neutral to an Overweight and the price target has been revised to $92 from $90. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of September 06, 2024, Morgan Stanley has initiated its “an Overweight” rating for FTV. Earlier on September 06, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for FTV stock which previously was a “an Outperform”.
Analyzing FTV Stock Performance
During the last five days, there has been a surge of approximately 0.04%. Over the course of the year, Fortive Corp shares have jumped approximately 4.94%. Shares of the company reached a 52-week high of $87.10 on 03/22/24 and a 52-week low of $66.15 on 08/05/24. A 50-day SMA is recorded $74.22, while a 200-day SMA reached $76.86. Nevertheless, trading volume fell to 1.72 million shares from 1.34 million shares the previous day.
Support And Resistance Levels for Fortive Corp (FTV)
According to the 24-hour chart, there is a support level at 76.79, which, if violated, would cause prices to drop to 76.31. In the upper region, resistance lies at 77.72. The next price resistance is at 78.17. RSI (Relative Strength Index) is 55.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 59.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
