Snap-on, Inc’s filing revealed that its Sr VP & President – RS&I Group Ward Thomas J unloaded Company’s shares for reported $4.24 million on Oct 28 ’24. In the deal valued at $333.21 per share,12,737 shares were sold. As a result of this transaction, Ward Thomas J now holds 55,401 shares worth roughly $20.28 million.
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Then, THOMAS J WARD bought 12,737 shares, generating $4,244,065 in total proceeds.
Before that, Miller Richard Thomas sold 1,750 shares. Snap-on, Inc shares valued at $577,500 were divested by the VP, Gen Counsel & Secretary at a price of $330.00 per share. As a result of the transaction, Miller Richard Thomas now holds 3,218 shares, worth roughly $1.18 million.
ROTH MKM reiterated its Snap-on, Inc [SNA] rating to a Buy in a research note published on July 17, 2023; the price target was $324. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in early July with a ‘”a Neutral”‘ rating. ROTH MKM also remained covering SNA and has increased its forecast on May 18, 2023 with a “Buy” recommendation from previously “Neutral” rating. Longbow revised its rating on April 21, 2023. It rated SNA as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of SNA
On Friday, Snap-on, Inc [NYSE:SNA] saw its stock jump 1.26% to $365.97. Over the last five days, the stock has gained 2.50%. Snap-on, Inc shares have risen nearly 26.70% since the year began. Nevertheless, the stocks have risen 33.24% over the past one year. While a 52-week high of $365.35 was reached on 11/22/24, a 52-week low of $252.98 was recorded on 07/05/24. SMA at 50 days reached $317.63, while 200 days put it at $286.32.
Levels Of Support And Resistance For SNA Stock
The 24-hour chart illustrates a support level at 362.32, which if violated will result in even more drops to 358.67. On the upside, there is a resistance level at 368.37. A further resistance level may holdings at 370.77. The Relative Strength Index (RSI) on the 14-day chart is 79.00, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.74%. Stochastics %K at 89.57% indicates the stock is a selling.
How much short interest is there in Snap-on, Inc?
A steep rise in short interest was recorded in Snap-on, Inc stocks on 2024-10-31, growing by 0.41 million shares to a total of 2.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.58 million shares. There was a rise of 13.75%, which implies that there is a positive sentiment for the stock.
