The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Funko Inc shares valued at $88,444 were sold by LUNSFORD MICHAEL C on Oct 01 ’24. At $12.02 per share, LUNSFORD MICHAEL C sold 7,361 shares. The insider’s holdings dropped to 108,613 shares worth approximately $1.29 million following the completion of this transaction.
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Also, Oddie Andrew David sold 21,882 shares, netting a total of over 263,026 in proceeds. Following the sale of shares at $12.02 each, the insider now holds 40,372 shares.
Before that, Oddie Andrew David had sold 10,800 shares from its account. In a trade valued at $129,948, the CHIEF COMMERCIAL OFFICER traded Funko Inc shares for $12.03 each. Upon closing the transaction, the insider’s holdings decreased to 10,800 shares, worth approximately $0.48 million.
As published in their initiating research note from B. Riley Securities on April 10, 2024, Funko Inc [FNKO] has been a Buy and the price target has been revised to $10. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early February. As of January 12, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for FNKO. Earlier on November 07, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for FNKO stock which previously was a “a Buy”.
Analyzing FNKO Stock Performance
During the last five days, there has been a drop of approximately -0.42%. Over the course of the year, Funko Inc shares have jumped approximately 53.17%. Shares of the company reached a 52-week high of $12.61 on 10/07/24 and a 52-week low of $5.36 on 04/16/24. A 50-day SMA is recorded $11.47, while a 200-day SMA reached $8.79. Nevertheless, trading volume fell to 0.52 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Funko Inc (FNKO)
According to the 24-hour chart, there is a support level at 11.61, which, if violated, would cause prices to drop to 11.38. In the upper region, resistance lies at 12.10. The next price resistance is at 12.36. RSI (Relative Strength Index) is 49.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 58.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
