Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Snap-on, Inc. shares valued at $577,500 were sold by Miller Richard Thomas on Oct 18 ’24. At $330.00 per share, Miller Richard Thomas sold 1,750 shares. The insider’s holdings dropped to 3,218 shares worth approximately $1.05 million following the completion of this transaction.
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Also, Miller Richard Thomas sold 1,500 shares, netting a total of over 478,050 in proceeds. Following the sale of shares at $318.70 each, the insider now holds 3,218 shares.
Before that, Boyd Iain had sold 3,116 shares from its account. In a trade valued at $979,864, the VP – Operations Development traded Snap-on, Inc. shares for $314.46 each. Upon closing the transaction, the insider’s holdings decreased to 3,116 shares, worth approximately $3.42 million.
As published in a research note from ROTH MKM on July 17, 2023, Snap-on, Inc. [SNA] has been retained to a Buy and the price target has been revised to $324. Analysts at CL King started covering the stock with ‘”a Neutral”‘ outlook in a report released in early July. As of May 18, 2023, ROTH MKM has increased its “Neutral” rating to a “Buy” for SNA. Earlier on April 21, 2023, Longbow upgraded its rating. Their new recommendation was “a Neutral” for SNA stock which previously was a “an Underperform”.
Analyzing SNA Stock Performance
During the last five days, there has been a drop of approximately -0.65%. Over the course of the year, Snap-on, Inc. shares have jumped approximately 12.74%. Shares of the company reached a 52-week high of $330.51 on 10/18/24 and a 52-week low of $252.98 on 07/05/24. A 50-day SMA is recorded $288.25, while a 200-day SMA reached $279.94. Nevertheless, trading volume fell to 0.56 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Snap-on, Inc. (SNA)
According to the 24-hour chart, there is a support level at 323.31, which, if violated, would cause prices to drop to 320.98. In the upper region, resistance lies at 327.89. The next price resistance is at 330.14. RSI (Relative Strength Index) is 78.24 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 18.91, which suggests the price will increase in the coming days. Percent R is at 10.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
