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. F5 Inc shares valued at $1,034,632 were sold by WHALEN CHAD MICHAEL on Nov 04 ’24. At $231.93 per share, WHALEN CHAD MICHAEL sold 4,461 shares. The insider’s holdings dropped to 29,374 shares worth approximately $7.25 million following the completion of this transaction.
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Also, Locoh-Donou Francois sold 1,450 shares, netting a total of over 336,307 in proceeds. Following the sale of shares at $231.94 each, the insider now holds 154,861 shares.
Before that, Rogers Scot Frazier had sold 4,535 shares from its account. In a trade valued at $1,051,505, the EVP and General Counsel traded F5 Inc shares for $231.86 each. Upon closing the transaction, the insider’s holdings decreased to 4,535 shares, worth approximately $5.51 million.
As published in a research note from Needham on January 30, 2024, F5 Inc [FFIV] has been retained to a Buy and the price target has been revised to $220. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late October. As of April 20, 2023, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for FFIV. Earlier on March 07, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for FFIV stock.
Analyzing FFIV Stock Performance
During the last five days, there has been a surge of approximately 2.81%. Over the course of the year, F5 Inc shares have jumped approximately 37.93%. Shares of the company reached a 52-week high of $250.46 on 10/29/24 and a 52-week low of $159.01 on 04/30/24. A 50-day SMA is recorded $221.11, while a 200-day SMA reached $191.71. Nevertheless, trading volume fell to 0.65 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for F5 Inc (FFIV)
According to the 24-hour chart, there is a support level at 243.73, which, if violated, would cause prices to drop to 240.59. In the upper region, resistance lies at 249.19. The next price resistance is at 251.52. RSI (Relative Strength Index) is 74.32 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.68, which suggests the price will increase in the coming days. Percent R is at 9.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
