In a filing, Fastenal Co revealed its Director Heise Rita J. unloaded Company’s shares for reported $0.85 million on Oct 30 ’24. In the deal valued at $77.67 per share,10,888 shares were sold. As a result of this transaction, Heise Rita J. now holds 20,000 shares worth roughly $1.56 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, RITA JOYCE HEISE bought 10,888 shares, generating $845,692 in total proceeds.
Before that, Broersma Anthony Paul sold 680 shares. Fastenal Co shares valued at $52,945 were divested by the EVP-OPERATIONS at a price of $77.86 per share. As a result of the transaction, Broersma Anthony Paul now holds 0 shares, worth roughly $0.0.
BofA Securities initiated its Fastenal Co [FAST] rating to a Buy in a research note published on October 07, 2024; the price target was $85. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Equal-weight”‘ rating. HSBC Securities began covering FAST with “Hold” recommendation on September 15, 2023. Stephens revised its rating on July 13, 2023. It rated FAST as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of FAST
On Monday, Fastenal Co [NASDAQ:FAST] saw its stock fall -0.52% to $77.82. Over the last five days, the stock has gained 1.50%. Fastenal Co shares have risen nearly 20.15% since the year began. Nevertheless, the stocks have risen 30.82% over the past one year. While a 52-week high of $79.04 was reached on 03/21/24, a 52-week low of $57.87 was recorded on 01/09/24. SMA at 50 days reached $72.13, while 200 days put it at $69.72.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 77.28, which if violated will result in even more drops to 76.73. On the upside, there is a resistance level at 78.63. A further resistance level may holdings at 79.43. The Relative Strength Index (RSI) on the 14-day chart is 66.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.08%. Stochastics %K at 79.96% indicates the stock is a holding.
How much short interest is there in Fastenal Co?
A steep rise in short interest was recorded in Fastenal Co stocks on 2024-10-15, dropping by -0.81 million shares to a total of 13.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.67 million shares. There was a decline of -5.85%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 04, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $61 price target.
