Fortune Brands Innovations Inc’s recent filing unveils that its Director HACKETT ANN F unloaded Company’s shares for reported $0.17 million on Aug 27 ’24. In the deal valued at $79.39 per share,2,197 shares were sold. As a result of this transaction, HACKETT ANN F now holds 34,815 shares worth roughly $2.92 million.
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Then, HACKETT ANN F bought 2,197 shares, generating $177,781 in total proceeds.
Before that, Sheri Grissom bought 26,367 shares. Fortune Brands Innovations Inc shares valued at $79 were divested by the Officer at a price of $0.00 per share.
BMO Capital Markets downgraded its Fortune Brands Innovations Inc [FBIN] rating to a Market perform from a an Outperform in a research note published on January 31, 2024; the price target was increased to $82 from $76. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”a Perform”‘ rating. Jefferies revised its rating on April 28, 2023. It rated FBIN as “a Buy” which previously was an “a Hold”.
Price Performance Review of FBIN
On Tuesday, Fortune Brands Innovations Inc [NYSE:FBIN] saw its stock fall -3.55% to $83.89. Over the last five days, the stock has lost -4.06%. Fortune Brands Innovations Inc shares have risen nearly 10.18% since the year began. Nevertheless, the stocks have risen 52.00% over the past one year. While a 52-week high of $90.54 was reached on 10/01/24, a 52-week low of $54.88 was recorded on 07/05/24. SMA at 50 days reached $84.41, while 200 days put it at $77.28.
Levels Of Support And Resistance For FBIN Stock
The 24-hour chart illustrates a support level at 82.89, which if violated will result in even more drops to 81.90. On the upside, there is a resistance level at 85.51. A further resistance level may holdings at 87.14. The Relative Strength Index (RSI) on the 14-day chart is 41.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.70%. Stochastics %K at 12.35% indicates the stock is a buying.
How much short interest is there in Fortune Brands Innovations Inc?
A steep rise in short interest was recorded in Fortune Brands Innovations Inc stocks on 2024-10-15, dropping by -0.73 million shares to a total of 2.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.61 million shares. There was a decline of -25.29%, which implies that there is a negative sentiment for the stock.
