Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fortive Corp shares valued at $12,320,352 were sold by Walker Stacey A. on Nov 01 ’24. At $71.71 per share, Walker Stacey A. sold 171,808 shares. The insider’s holdings dropped to 42,651 shares worth approximately $3.16 million following the completion of this transaction.
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Also, Walker Stacey A. purchased 171,808 shares, netting a total of over 12,320,511 in proceeds.
Before that, McLaughlin Charles E had sold 6,864 shares from its account. In a trade valued at $508,142, the SVP – Chief Financial Officer traded Fortive Corp shares for $74.03 each. Upon closing the transaction, the insider’s holdings decreased to 6,864 shares, worth approximately $5.43 million.
As published in a research note from JP Morgan on October 10, 2024, Fortive Corp [FTV] has been rated up from a Neutral to an Overweight and the price target has been revised to $92 from $90. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of September 06, 2024, Morgan Stanley has initiated its “an Overweight” rating for FTV. Earlier on September 06, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for FTV stock which previously was a “an Outperform”.
Analyzing FTV Stock Performance
During the last five days, there has been a surge of approximately 3.61%. Over the course of the year, Fortive Corp shares have jumped approximately 0.52%. Shares of the company reached a 52-week high of $87.10 on 03/22/24 and a 52-week low of $66.15 on 08/05/24. A 50-day SMA is recorded $75.19, while a 200-day SMA reached $77.01. Nevertheless, trading volume fell to 3.7 million shares from 4.27 million shares the previous day.
Support And Resistance Levels for Fortive Corp (FTV)
According to the 24-hour chart, there is a support level at 73.40, which, if violated, would cause prices to drop to 72.79. In the upper region, resistance lies at 74.52. The next price resistance is at 75.03. RSI (Relative Strength Index) is 47.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 53.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
