Fortive Corp’s recently made public that its Officer Walker Stacey A. acquired Company’s shares for reported $12.32 million on Nov 01 ’24. In the deal valued at $71.71 per share,171,808 shares were bought.
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, McLaughlin Charles E sold 6,864 shares, generating $508,142 in total proceeds. Upon selling the shares at $74.03, the SVP – Chief Financial Officer now owns 73,391 shares.
Before that, Schwarz Jonathan L sold 14,223 shares. Fortive Corp shares valued at $1,049,657 were divested by the SVP – Corporate Development at a price of $73.80 per share. As a result of the transaction, Schwarz Jonathan L now holds 68,161 shares, worth roughly $4.85 million.
JP Morgan upgraded its Fortive Corp [FTV] rating to an Overweight from a a Neutral in a research note published on October 10, 2024; the price target was increased to $92 from $90. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early September from “a Neutral” to “an Outperform”. Morgan Stanley began covering FTV with “an Overweight” recommendation on September 06, 2024. Wolfe Research revised its rating on September 06, 2024. It rated FTV as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of FTV
On Monday, Fortive Corp [NYSE:FTV] saw its stock fall -0.25% to $71.16. Over the last five days, the stock has lost -5.32%. Fortive Corp shares have fallen nearly -3.35% since the year began. Nevertheless, the stocks have risen 8.81% over the past one year. While a 52-week high of $87.10 was reached on 03/22/24, a 52-week low of $64.69 was recorded on 08/05/24. SMA at 50 days reached $75.20, while 200 days put it at $77.02.
Levels Of Support And Resistance For FTV Stock
The 24-hour chart illustrates a support level at 70.73, which if violated will result in even more drops to 70.31. On the upside, there is a resistance level at 71.66. A further resistance level may holdings at 72.17. The Relative Strength Index (RSI) on the 14-day chart is 26.51, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.08%. Stochastics %K at 3.02% indicates the stock is a buying.
How much short interest is there in Fortive Corp?
A steep rise in short interest was recorded in Fortive Corp stocks on 2024-10-15, growing by 0.53 million shares to a total of 3.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.02 million shares. There was a rise of 14.85%, which implies that there is a positive sentiment for the stock.
