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. Faro Technologies Inc shares valued at $110,458 were sold by WASSERMAN YUVAL on Nov 06 ’24. At $19.21 per share, WASSERMAN YUVAL sold 5,750 shares. The insider’s holdings dropped to 159,170 shares worth approximately $4.09 million following the completion of this transaction.
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Also, WASSERMAN YUVAL sold 6,222 shares, netting a total of over 110,440 in proceeds. Following the sale of shares at $17.75 each, the insider now holds 164,920 shares.
Before that, WASSERMAN YUVAL had added 5,750 shares to its account. In a trade valued at $110,430, the Director bought Faro Technologies Inc shares for $19.21 each.
As published in a research note from Craig Hallum on August 03, 2023, Faro Technologies Inc [FARO] has been rated up from a Hold to a Buy and the price target has been revised to $26. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late April. As of October 07, 2021, Needham has increased its “Hold” rating to a “Buy” for FARO. Earlier on February 21, 2020, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for FARO stock which previously was a “a Hold”.
Analyzing FARO Stock Performance
During the last five days, there has been a surge of approximately 46.52%. Over the course of the year, Faro Technologies Inc shares have jumped approximately 14.07%. Shares of the company reached a 52-week high of $26.32 on 11/07/24 and a 52-week low of $13.52 on 08/05/24. A 50-day SMA is recorded $18.08, while a 200-day SMA reached $18.72. Nevertheless, trading volume fell to 0.68 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Faro Technologies Inc (FARO)
According to the 24-hour chart, there is a support level at 22.65, which, if violated, would cause prices to drop to 19.61. In the upper region, resistance lies at 27.53. The next price resistance is at 29.37. RSI (Relative Strength Index) is 84.97 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.31, which suggests the price will increase in the coming days. Percent R is at 6.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
