In a filing, Fabrinet revealed its Officer Gill Harpal acquired Company’s shares for reported $5.14 million on Nov 12 ’24. In the deal valued at $275.00 per share,18,675 shares were bought.
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Then, Archer Edward T. sold 8,690 shares, generating $1,914,021 in total proceeds. Upon selling the shares at $220.26, the EVP, Sales & Marketing now owns 8,333 shares.
Before that, Archer Edward T. bought 8,690 shares. Fabrinet shares valued at $1,914,022 were divested by the Officer at a price of $220.26 per share.
Barclays initiated its Fabrinet [FN] rating to an Equal weight in a research note published on November 14, 2024; the price target was $292. Jefferies began covering FN with “Hold” recommendation on June 26, 2024. Northland Capital revised its rating on March 21, 2024. It rated FN as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of FN
On Friday, Fabrinet [NYSE:FN] saw its stock fall -6.81% to $234.85. Over the last five days, the stock has lost -13.37%. Fabrinet shares have risen nearly 23.39% since the year began. Nevertheless, the stocks have risen 37.13% over the past one year. While a 52-week high of $278.38 was reached on 08/20/24, a 52-week low of $159.30 was recorded on 04/19/24. SMA at 50 days reached $242.33, while 200 days put it at $222.68.
Levels Of Support And Resistance For FN Stock
The 24-hour chart illustrates a support level at 226.55, which if violated will result in even more drops to 218.26. On the upside, there is a resistance level at 247.39. A further resistance level may holdings at 259.94. The Relative Strength Index (RSI) on the 14-day chart is 42.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.59%. Stochastics %K at 54.97% indicates the stock is a holding.
How much short interest is there in Fabrinet?
A steep rise in short interest was recorded in Fabrinet stocks on 2024-10-31, growing by 59108.0 shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.37 million shares. There was a rise of 4.12%, which implies that there is a positive sentiment for the stock.
