Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fiserv, Inc. shares valued at $8,078,800 were sold by Simons Doyle on Oct 23 ’24. At $201.97 per share, Simons Doyle sold 40,000 shares. The insider’s holdings dropped to 76,180 shares worth approximately $15.49 million following the completion of this transaction.
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Also, Simons Doyle purchased 40,000 shares, netting a total of over 8,078,943 in proceeds.
Before that, Bisignano Frank had sold 145,000 shares from its account. In a trade valued at $25,718,036, the Chairman, President and CEO traded Fiserv, Inc. shares for $177.37 each. Upon closing the transaction, the insider’s holdings decreased to 145,000 shares, worth approximately $602.77 million.
Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of June 12, 2024, Wells Fargo has initiated its “an Overweight” rating for FI. Earlier on January 11, 2024, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for FI stock which previously was a “a Perform”.
Analyzing FI Stock Performance
During the last five days, there has been a surge of approximately 3.86%. Over the course of the year, Fiserv, Inc. shares have jumped approximately 53.03%. Shares of the company reached a 52-week high of $204.50 on 10/24/24 and a 52-week low of $131.41 on 01/03/24. A 50-day SMA is recorded $179.86, while a 200-day SMA reached $158.14. Nevertheless, trading volume fell to 2.02 million shares from 4.48 million shares the previous day.
Support And Resistance Levels for Fiserv, Inc. (FI)
According to the 24-hour chart, there is a support level at 202.03, which, if violated, would cause prices to drop to 200.78. In the upper region, resistance lies at 204.52. The next price resistance is at 205.76. RSI (Relative Strength Index) is 85.53 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.53, which suggests the price will increase in the coming days. Percent R is at 5.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
