Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fox Factory Holding Corp shares valued at $54,289 were purchased by Fletcher Thomas L. on Oct 01 ’24. At $41.28 per share, Fletcher Thomas L. acquired 1,315 shares.
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Also, Tutton Christopher purchased 2,000 shares, netting a total of over 82,000 in proceeds.
Before that, Tutton Christopher had sold 3,000 shares from its account. In a trade valued at $120,030, the insider traded Fox Factory Holding Corp shares for $40.01 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $0.53 million.
As published in a research note from BofA Securities on February 23, 2024, Fox Factory Holding Corp [FOXF] has been rated down from a Buy to a Neutral and the price target has been revised to $55. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of November 03, 2023, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for FOXF. Earlier on June 29, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for FOXF stock.
Analyzing FOXF Stock Performance
During the last five days, there has been a drop of approximately -3.46%. Over the course of the year, Fox Factory Holding Corp shares have dropped approximately -46.67%. Shares of the company reached a 52-week high of $70.13 on 01/02/24 and a 52-week low of $34.56 on 09/11/24. A 50-day SMA is recorded $39.60, while a 200-day SMA reached $46.94. Nevertheless, trading volume fell to 0.72 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Fox Factory Holding Corp (FOXF)
According to the 24-hour chart, there is a support level at 35.56, which, if violated, would cause prices to drop to 35.14. In the upper region, resistance lies at 36.81. The next price resistance is at 37.64. RSI (Relative Strength Index) is 33.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.65, which suggests the price will decrease in the coming days. Percent R is at 99.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
