Fastenal Co’s recently made public that its Officer JAMES C. JANSEN acquired Company’s shares for reported $1.63 million on Nov 22 ’24. In the deal valued at $83.08 per share,19,564 shares were bought.
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Then, Miller Charles S. sold 23,480 shares, generating $1,970,393 in total proceeds. Upon selling the shares at $83.92, the SENIOR EXECUTIVE VP now owns 0 shares.
Before that, Johnson Daniel L. sold 8,474 shares. Fastenal Co shares valued at $706,396 were divested by the Director at a price of $83.36 per share. As a result of the transaction, Johnson Daniel L. now holds 10,595 shares, worth roughly $0.89 million.
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 jump 0.81% to $83.75. Over the last five days, the stock has gained 2.38%. Fastenal Co shares have risen nearly 29.30% since the year began. Nevertheless, the stocks have risen 38.25% 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 $76.53, while 200 days put it at $70.71.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 83.23, which if violated will result in even more drops to 82.71. On the upside, there is a resistance level at 84.26. A further resistance level may holdings at 84.77. The Relative Strength Index (RSI) on the 14-day chart is 70.25, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.02%. Stochastics %K at 72.46% 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.
