Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Snap-on, Inc shares valued at $4,244,066 were sold by Ward Thomas J on Oct 28 ’24. At $333.21 per share, Ward Thomas J sold 12,737 shares. The insider’s holdings dropped to 55,401 shares worth approximately $18.29 million following the completion of this transaction.
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Also, THOMAS J WARD purchased 12,737 shares, netting a total of over 4,244,065 in proceeds.
Before that, Miller Richard Thomas had sold 1,750 shares from its account. In a trade valued at $577,500, the VP, Gen Counsel & Secretary traded Snap-on, Inc shares for $330.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,750 shares, worth approximately $1.06 million.
As published in a research note from ROTH MKM on July 17, 2023, Snap-on, Inc [SNA] has been retained to a Buy and the price target has been revised to $324. Analysts at CL King started covering the stock with ‘”a Neutral”‘ outlook in a report released in early July. As of May 18, 2023, ROTH MKM has increased its “Neutral” rating to a “Buy” for SNA. Earlier on April 21, 2023, Longbow upgraded its rating. Their new recommendation was “a Neutral” for SNA stock which previously was a “an Underperform”.
Analyzing SNA Stock Performance
During the last five days, there has been a surge of approximately 1.38%. Over the course of the year, Snap-on, Inc shares have jumped approximately 14.30%. Shares of the company reached a 52-week high of $337.72 on 10/30/24 and a 52-week low of $252.98 on 07/05/24. A 50-day SMA is recorded $293.69, while a 200-day SMA reached $281.13. Nevertheless, trading volume fell to 0.54 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Snap-on, Inc (SNA)
According to the 24-hour chart, there is a support level at 328.69, which, if violated, would cause prices to drop to 327.25. In the upper region, resistance lies at 332.89. The next price resistance is at 335.65. RSI (Relative Strength Index) is 75.31 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.77, which suggests the price will increase in the coming days. Percent R is at 16.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
