Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fastenal Co shares valued at $845,692 were sold by Heise Rita J. on Oct 30 ’24. At $77.67 per share, Heise Rita J. sold 10,888 shares. The insider’s holdings dropped to 20,000 shares worth approximately $1.56 million following the completion of this transaction.
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Also, RITA JOYCE HEISE purchased 10,888 shares, netting a total of over 845,692 in proceeds.
Before that, Broersma Anthony Paul had sold 680 shares from its account. In a trade valued at $52,945, the EVP-OPERATIONS traded Fastenal Co shares for $77.86 each. Upon closing the transaction, the insider’s holdings decreased to 680 shares, worth approximately $0.0.
As published in their initiating research note from BofA Securities on October 07, 2024, Fastenal Co [FAST] has been a Buy and the price target has been revised to $85. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early September. As of September 15, 2023, HSBC Securities has initiated its “Hold” rating for FAST. Earlier on July 13, 2023, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for FAST stock which previously was a “an Overweight”.
Analyzing FAST Stock Performance
During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, Fastenal Co shares have jumped approximately 20.70%. Shares of the company reached a 52-week high of $79.04 on 03/21/24 and a 52-week low of $61.33 on 01/09/24. A 50-day SMA is recorded $71.73, while a 200-day SMA reached $69.62. Nevertheless, trading volume fell to 3.97 million shares from 2.33 million shares the previous day.
Support And Resistance Levels for Fastenal Co (FAST)
According to the 24-hour chart, there is a support level at 77.54, which, if violated, would cause prices to drop to 76.90. In the upper region, resistance lies at 78.76. The next price resistance is at 79.35. RSI (Relative Strength Index) is 69.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 16.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
