Fortive Corp’s recent filing unveils that its SVP – Chief Financial Officer McLaughlin Charles E unloaded Company’s shares for reported $0.51 million on Sep 13 ’24. In the deal valued at $74.03 per share,6,864 shares were sold. As a result of this transaction, McLaughlin Charles E now holds 73,391 shares worth roughly $5.66 million.
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Then, Schwarz Jonathan L sold 14,223 shares, generating $1,049,657 in total proceeds. Upon selling the shares at $73.80, the SVP – Corporate Development now owns 68,161 shares.
Before that, Schwarz Jonathan L bought 14,223 shares. Fortive Corp shares valued at $1,049,612 were divested by the Officer at a price of $73.80 per share.
JP Morgan upgraded its Fortive Corp [FTV] rating to an Overweight from a a Neutral in a research note published on October 10, 2024; the price target was increased to $92 from $90. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early September from “a Neutral” to “an Outperform”. Morgan Stanley began covering FTV with “an Overweight” recommendation on September 06, 2024. Wolfe Research revised its rating on September 06, 2024. It rated FTV as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of FTV
On Monday, Fortive Corp [NYSE:FTV] saw its stock fall -0.45% to $77.12. Over the last five days, the stock has lost -1.70%. Fortive Corp shares have risen nearly 4.74% since the year began. Nevertheless, the stocks have risen 8.47% over the past one year. While a 52-week high of $87.10 was reached on 03/22/24, a 52-week low of $63.05 was recorded on 08/05/24. SMA at 50 days reached $74.56, while 200 days put it at $76.92.
Levels Of Support And Resistance For FTV Stock
The 24-hour chart illustrates a support level at 76.59, which if violated will result in even more drops to 76.07. On the upside, there is a resistance level at 77.69. A further resistance level may holdings at 78.27. The Relative Strength Index (RSI) on the 14-day chart is 54.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.40%. Stochastics %K at 41.92% indicates the stock is a holding.
How much short interest is there in Fortive Corp?
A steep rise in short interest was recorded in Fortive Corp stocks on 2024-09-30, growing by 0.93 million shares to a total of 3.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.61 million shares. There was a rise of 26.17%, which implies that there is a positive sentiment for the stock.
