Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fastenal Co shares valued at $706,396 were sold by Johnson Daniel L. on Nov 13 ’24. At $83.36 per share, Johnson Daniel L. sold 8,474 shares. The insider’s holdings dropped to 10,595 shares worth approximately $0.87 million following the completion of this transaction.
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Also, CHARLES S MILLER purchased 23,480 shares, netting a total of over 1,970,393 in proceeds.
Before that, DANIEL JOHNSON had added 8,474 shares to its account. In a trade valued at $706,395, the Director bought Fastenal Co shares for $83.36 each.
Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of September 06, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for FAST. Earlier on September 15, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for FAST stock.
Analyzing FAST Stock Performance
During the last five days, there has been a drop of approximately -1.13%. Over the course of the year, Fastenal Co shares have jumped approximately 26.85%. Shares of the company reached a 52-week high of $84.88 on 11/11/24 and a 52-week low of $61.33 on 01/09/24. A 50-day SMA is recorded $74.64, while a 200-day SMA reached $70.27. Nevertheless, trading volume fell to 3.21 million shares from 2.34 million shares the previous day.
Support And Resistance Levels for Fastenal Co (FAST)
According to the 24-hour chart, there is a support level at 81.55, which, if violated, would cause prices to drop to 80.94. In the upper region, resistance lies at 83.28. The next price resistance is at 84.40. RSI (Relative Strength Index) is 65.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.48, which suggests the price will increase in the coming days. Percent R is at 29.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
