In a filing, Fortive Corp revealed its SVP – Human Resources Walker Stacey A. unloaded 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 sold. As a result of this transaction, Walker Stacey A. now holds 42,651 shares worth roughly $3.25 million.
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Then, Walker Stacey A. bought 171,808 shares, generating $12,320,511 in total proceeds.
Before that, McLaughlin Charles E sold 6,864 shares. Fortive Corp shares valued at $508,142 were divested by the SVP – Chief Financial Officer at a price of $74.03 per share. As a result of the transaction, McLaughlin Charles E now holds 73,391 shares, worth roughly $5.59 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 jump 1.28% to $76.16. Over the last five days, the stock has gained 7.03%. Fortive Corp shares have risen nearly 3.44% since the year began. Nevertheless, the stocks have risen 16.56% over the past one year. While a 52-week high of $87.10 was reached on 03/22/24, a 52-week low of $64.99 was recorded on 08/05/24. SMA at 50 days reached $75.26, 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 75.48, which if violated will result in even more drops to 74.80. On the upside, there is a resistance level at 76.78. A further resistance level may holdings at 77.39. The Relative Strength Index (RSI) on the 14-day chart is 57.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.32%. Stochastics %K at 69.57% indicates the stock is a holding.
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.
