Fastenal Co’s filing revealed that its Officer DONALEE PAPENFUSS acquired Company’s shares for reported $0.37 million on Nov 08 ’24. In the deal valued at $83.92 per share,4,462 shares were bought.
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Then, Soderberg John Lewis sold 19,148 shares, generating $1,588,315 in total proceeds. Upon selling the shares at $82.95, the SENIOR EXECUTIVE VP now owns 0 shares.
Before that, Drazkowski William Joseph sold 17,306 shares. Fastenal Co shares valued at $1,423,960 were divested by the EXECUTIVE VICE-PRESIDENT at a price of $82.28 per share. As a result of the transaction, Drazkowski William Joseph now holds 5,997 shares, worth roughly $0.51 million.
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 jump 1.22% to $84.35. Over the last five days, the stock has gained 8.39%. Fastenal Co shares have risen nearly 30.23% since the year began. Nevertheless, the stocks have risen 43.55% over the past one year. While a 52-week high of $84.05 was reached on 11/11/24, a 52-week low of $58.67 was recorded on 01/09/24. SMA at 50 days reached $73.61, while 200 days put it at $70.05.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 83.55, which if violated will result in even more drops to 82.74. On the upside, there is a resistance level at 85.02. A further resistance level may holdings at 85.68. The Relative Strength Index (RSI) on the 14-day chart is 80.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.48%. Stochastics %K at 92.74% indicates the stock is a selling.
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.
