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. Federal Signal Corp shares valued at $2,388,500 were sold by REICHELDERFER BRENDA on Aug 30 ’24. At $92.99 per share, REICHELDERFER BRENDA sold 25,685 shares. The insider’s holdings dropped to 57,417 shares worth approximately $5.09 million following the completion of this transaction.
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Also, REICHELDERFER BRENDA purchased 26,500 shares, netting a total of over 2,481,725 in proceeds.
Before that, Elting Lauren B had added 7,234 shares to its account. In a trade valued at $685,132, the Former Officer bought Federal Signal Corp shares for $94.71 each.
As published in their initiating research note from William Blair on May 31, 2024, Federal Signal Corp [FSS] has been an Outperform. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of February 23, 2023, Sidoti has decreased its “Buy” rating to a “Neutral” for FSS. Earlier on November 21, 2022, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for FSS stock which previously was a “an Overweight”.
Analyzing FSS Stock Performance
During the last five days, there has been a surge of approximately 8.69%. Over the course of the year, Federal Signal Corp shares have jumped approximately 15.53%. Shares of the company reached a 52-week high of $102.18 on 07/31/24 and a 52-week low of $71.29 on 01/09/24. A 50-day SMA is recorded $88.81, while a 200-day SMA reached $86.41. Nevertheless, trading volume fell to 0.88 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Federal Signal Corp (FSS)
According to the 24-hour chart, there is a support level at 87.98, which, if violated, would cause prices to drop to 87.29. In the upper region, resistance lies at 89.88. The next price resistance is at 91.09. RSI (Relative Strength Index) is 53.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.77, which suggests the price will increase in the coming days. Percent R is at 28.61%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
