Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fastenal Co shares valued at $1,970,393 were sold by Miller Charles S. on Nov 13 ’24. At $83.92 per share, Miller Charles S. sold 23,480 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Johnson Daniel L. sold 8,474 shares, netting a total of over 706,396 in proceeds. Following the sale of shares at $83.36 each, the insider now holds 10,595 shares.
Before that, CHARLES S MILLER had added 23,480 shares to its account. In a trade valued at $1,970,393, the Officer bought Fastenal Co shares for $83.92 each.
Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of September 06, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for FAST. Earlier on September 15, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for FAST stock.
Analyzing FAST Stock Performance
During the last five days, there has been a surge of approximately 0.24%. Over the course of the year, Fastenal Co shares have jumped approximately 27.16%. Shares of the company reached a 52-week high of $84.88 on 11/11/24 and a 52-week low of $61.33 on 01/09/24. A 50-day SMA is recorded $75.99, while a 200-day SMA reached $70.57. Nevertheless, trading volume fell to 1.57 million shares from 1.99 million shares the previous day.
Support And Resistance Levels for Fastenal Co (FAST)
According to the 24-hour chart, there is a support level at 81.75, which, if violated, would cause prices to drop to 81.15. In the upper region, resistance lies at 82.88. The next price resistance is at 83.40. RSI (Relative Strength Index) is 65.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 34.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
