Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Griffon Corp shares valued at $696,261 were sold by Sullivan Kevin F on Nov 18 ’24. At $75.50 per share, Sullivan Kevin F sold 9,222 shares. The insider’s holdings dropped to 41,168 shares worth approximately $3.27 million following the completion of this transaction.
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Also, Kevin F. Sullivan purchased 9,222 shares, netting a total of over 680,676 in proceeds.
Before that, SIGHT JAMES W had sold 3,660 shares from its account. In a trade valued at $279,697, the Director traded Griffon Corp shares for $76.42 each. Upon closing the transaction, the insider’s holdings decreased to 3,660 shares, worth approximately $1.33 million.
As published in their initiating research note from Deutsche Bank on October 27, 2023, Griffon Corp [GFF] has been a Buy and the price target has been revised to $65. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early May. As of November 11, 2020, Stephens has initiated its “an Overweight” rating for GFF. Earlier on September 17, 2020, Truist initiated its rating. Their recommendation was “a Buy” for GFF stock.
Analyzing GFF Stock Performance
During the last five days, there has been a drop of approximately -1.43%. Over the course of the year, Griffon Corp shares have jumped approximately 30.22%. Shares of the company reached a 52-week high of $80.85 on 11/13/24 and a 52-week low of $55.01 on 08/07/24. A 50-day SMA is recorded $68.36, while a 200-day SMA reached $67.72. Nevertheless, trading volume fell to 0.63 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Griffon Corp (GFF)
According to the 24-hour chart, there is a support level at 77.59, which, if violated, would cause prices to drop to 75.81. In the upper region, resistance lies at 80.66. The next price resistance is at 81.96. RSI (Relative Strength Index) is 67.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.39, which suggests the price will increase in the coming days. Percent R is at 8.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
