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. Figs Inc shares valued at $243,971 were sold by Hasson Heather L. on Nov 06 ’24. At $6.32 per share, Hasson Heather L. sold 38,575 shares. The insider’s holdings dropped to 384,152 shares worth approximately $1.92 million following the completion of this transaction.
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Also, Heather Hasson purchased 38,575 shares, netting a total of over 243,971 in proceeds.
Before that, Hasson Heather L. had sold 2,983 shares from its account. In a trade valued at $18,465, the Executive Chair traded Figs Inc shares for $6.19 each. Upon closing the transaction, the insider’s holdings decreased to 2,983 shares, worth approximately $2.12 million.
As published in a research note from Telsey Advisory Group on August 09, 2024, Figs Inc [FIGS] has been retained to a Market perform and the price target has been revised to $7. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early April. As of March 08, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for FIGS. Earlier on February 29, 2024, Telsey Advisory Group downgraded its rating. Their new recommendation was “a Market perform” for FIGS stock which previously was a “an Outperform”.
Analyzing FIGS Stock Performance
During the last five days, there has been a drop of approximately -24.89%. Over the course of the year, Figs Inc shares have dropped approximately -27.91%. Shares of the company reached a 52-week high of $7.05 on 09/30/24 and a 52-week low of $4.30 on 06/25/24. A 50-day SMA is recorded $6.07, while a 200-day SMA reached $5.61. Nevertheless, trading volume fell to 2.85 million shares from 3.82 million shares the previous day.
Support And Resistance Levels for Figs Inc (FIGS)
According to the 24-hour chart, there is a support level at 4.93, which, if violated, would cause prices to drop to 4.85. In the upper region, resistance lies at 5.11. The next price resistance is at 5.22. RSI (Relative Strength Index) is 34.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 74.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
