Fortive Corp’s recently made public that its Officer LICO JAMES A acquired Company’s shares for reported $5.99 million on Nov 15 ’24. In the deal valued at $74.84 per share,80,000 shares were bought.
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Then, Underwood Peter C sold 5,000 shares, generating $382,900 in total proceeds. Upon selling the shares at $76.58, the SVP – General Counsel now owns 48,346 shares.
Before that, Underwood Peter C bought 5,000 shares. Fortive Corp shares valued at $382,900 were divested by the Officer at a price of $76.58 per share.
Argus downgraded its Fortive Corp [FTV] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid November with a ‘”a Neutral”‘ rating. JP Morgan also remained covering FTV and has increased its forecast on October 10, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Mizuho revised its rating on September 06, 2024. It rated FTV as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of FTV
On Monday, Fortive Corp [NYSE:FTV] saw its stock jump 1.61% to $79.68. Over the last five days, the stock has gained 6.80%. Fortive Corp shares have risen nearly 8.22% since the year began. Nevertheless, the stocks have risen 17.96% over the past one year. While a 52-week high of $87.10 was reached on 03/22/24, a 52-week low of $66.15 was recorded on 08/05/24. SMA at 50 days reached $75.97, while 200 days put it at $76.81.
Levels Of Support And Resistance For FTV Stock
The 24-hour chart illustrates a support level at 78.81, which if violated will result in even more drops to 77.93. On the upside, there is a resistance level at 80.36. A further resistance level may holdings at 81.03. The Relative Strength Index (RSI) on the 14-day chart is 68.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.74%. Stochastics %K at 96.63% indicates the stock is a selling.
How much short interest is there in Fortive Corp?
A steep rise in short interest was recorded in Fortive Corp stocks on 2024-10-31, dropping by -0.51 million shares to a total of 3.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.54 million shares. There was a decline of -16.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 06, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $89 price target.
