Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fortive Corp shares valued at $382,900 were sold by Underwood Peter C on Nov 11 ’24. At $76.58 per share, Underwood Peter C sold 5,000 shares. The insider’s holdings dropped to 48,346 shares worth approximately $3.66 million following the completion of this transaction.
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Also, Underwood Peter C purchased 5,000 shares, netting a total of over 382,900 in proceeds.
Before that, Walker Stacey A. had sold 171,808 shares from its account. In a trade valued at $12,320,352, the SVP – Human Resources traded Fortive Corp shares for $71.71 each. Upon closing the transaction, the insider’s holdings decreased to 171,808 shares, worth approximately $3.22 million.
As published in their initiating research note from UBS on November 13, 2024, Fortive Corp [FTV] has been a Neutral and the price target has been revised to $84. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early October. As of September 06, 2024, Mizuho has increased its “Neutral” rating to a “an Outperform” for FTV. Earlier on September 06, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for FTV stock.
Analyzing FTV Stock Performance
During the last five days, there has been a surge of approximately 2.16%. Over the course of the year, Fortive Corp shares have jumped approximately 2.69%. Shares of the company reached a 52-week high of $87.10 on 03/22/24 and a 52-week low of $66.15 on 08/05/24. A 50-day SMA is recorded $75.45, while a 200-day SMA reached $77.02. Nevertheless, trading volume fell to 3.07 million shares from 2.61 million shares the previous day.
Support And Resistance Levels for Fortive Corp (FTV)
According to the 24-hour chart, there is a support level at 75.28, which, if violated, would cause prices to drop to 74.96. In the upper region, resistance lies at 76.25. The next price resistance is at 76.90. RSI (Relative Strength Index) is 53.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.78, which suggests the price will increase in the coming days. Percent R is at 18.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
