Fastenal Co’s recently made public that its Executive Vice President Jansen James C unloaded 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 sold. As a result of this transaction, Jansen James C now holds 26,176 shares worth roughly $2.16 million.
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Then, JAMES C. JANSEN bought 19,564 shares, generating $1,625,279 in total proceeds.
Before that, Miller Charles S. sold 23,480 shares. Fastenal Co shares valued at $1,970,393 were divested by the SENIOR EXECUTIVE VP at a price of $83.92 per share. As a result of the transaction, Miller Charles S. now holds 0 shares, worth roughly $0.0.
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 fall -1.07% to $82.67. Over the last five days, the stock has lost -0.49%. Fastenal Co shares have risen nearly 27.64% since the year began. Nevertheless, the stocks have risen 38.72% over the past one year. While a 52-week high of $84.88 was reached on 11/11/24, a 52-week low of $59.12 was recorded on 01/09/24. SMA at 50 days reached $77.55, while 200 days put it at $70.98.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 82.14, which if violated will result in even more drops to 81.61. On the upside, there is a resistance level at 83.65. A further resistance level may holdings at 84.63. The Relative Strength Index (RSI) on the 14-day chart is 60.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.70%. Stochastics %K at 63.71% 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 2024-11-15, dropping by -1.08 million shares to a total of 12.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.86 million shares. There was a decline of -8.45%, which implies that there is a negative sentiment for the stock.
