Fastenal Co’s recently made public that its SENIOR EXECUTIVE VP Miller Charles S. unloaded Company’s shares for reported $1.97 million on Nov 13 ’24. In the deal valued at $83.92 per share,23,480 shares were sold. As a result of this transaction, Miller Charles S. now holds 0 shares worth roughly $0.0.
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Then, Johnson Daniel L. sold 8,474 shares, generating $706,396 in total proceeds. Upon selling the shares at $83.36, the Director now owns 10,595 shares.
Before that, CHARLES S MILLER bought 23,480 shares. Fastenal Co shares valued at $1,970,393 were divested by the Officer at a price of $83.92 per share.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Morgan Stanley began covering FAST with “an Equal-weight” recommendation on September 06, 2024. HSBC Securities started covering the stock on September 15, 2023. It rated FAST as “a Hold”.
Price Performance Review of FAST
On Monday, Fastenal Co [NASDAQ:FAST] saw its stock fall -0.06% to $81.80. Over the last five days, the stock has lost -3.02%. Fastenal Co shares have risen nearly 26.29% since the year began. Nevertheless, the stocks have risen 35.70% over the past one year. While a 52-week high of $84.88 was reached on 11/11/24, a 52-week low of $59.09 was recorded on 01/09/24. SMA at 50 days reached $75.23, while 200 days put it at $70.38.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 81.36, which if violated will result in even more drops to 80.91. On the upside, there is a resistance level at 82.60. A further resistance level may holdings at 83.39. The Relative Strength Index (RSI) on the 14-day chart is 63.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.05%. Stochastics %K at 65.84% indicates the stock is a holding.
How much short interest is there in Fastenal Co?
A steep rise in short interest was recorded in Fastenal Co stocks on 2024-10-31, growing by 47778.0 shares to a total of 13.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.22 million shares. There was a rise of 0.36%, which implies that there is a positive sentiment for the stock.
