Griffon Corp.’s recent filing unveils that its President and COO MEHMEL ROBERT F unloaded Company’s shares for reported $63895.0 on Oct 16 ’24. In the deal valued at $70.06 per share,912 shares were sold. As a result of this transaction, MEHMEL ROBERT F now holds 746,611 shares worth roughly $48.05 million.
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Then, KRAMER RONALD J sold 6,532 shares, generating $457,632 in total proceeds. Upon selling the shares at $70.06, the Chairman of the Board and CEO now owns 2,169,667 shares.
Before that, KRAMER RONALD J sold 300 shares. Griffon Corp. shares valued at $21,021 were divested by the Chairman of the Board and CEO at a price of $70.07 per share. As a result of the transaction, KRAMER RONALD J now holds 2,176,199 shares, worth roughly $140.06 million.
Deutsche Bank initiated its Griffon Corp. [GFF] rating to a Buy in a research note published on October 27, 2023; the price target was $65. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early May from “an Outperform” to “a Strong buy”. Stephens began covering GFF with “an Overweight” recommendation on November 11, 2020. Truist started covering the stock on September 17, 2020. It rated GFF as “a Buy”.
Price Performance Review of GFF
On Monday, Griffon Corp. [NYSE:GFF] saw its stock jump 1.42% to $64.36. Over the last five days, the stock has lost -1.89%. Griffon Corp. shares have risen nearly 5.59% since the year began. Nevertheless, the stocks have risen 66.09% over the past one year. While a 52-week high of $77.99 was reached on 05/08/24, a 52-week low of $38.39 was recorded on 08/07/24. SMA at 50 days reached $66.48, while 200 days put it at $66.81.
Levels Of Support And Resistance For GFF Stock
The 24-hour chart illustrates a support level at 63.73, which if violated will result in even more drops to 63.11. On the upside, there is a resistance level at 65.08. A further resistance level may holdings at 65.81. The Relative Strength Index (RSI) on the 14-day chart is 39.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.84%. Stochastics %K at 15.40% indicates the stock is a buying.
How much short interest is there in Griffon Corp.?
A steep rise in short interest was recorded in Griffon Corp. stocks on 2024-10-15, growing by 0.35 million shares to a total of 2.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.73 million shares. There was a rise of 16.75%, which implies that there is a positive sentiment for the stock.
