Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Stanley Black & Decker Inc shares valued at $1,404,847 were sold by Link Janet on Aug 01 ’24. At $103.91 per share, Link Janet sold 13,520 shares. The insider’s holdings dropped to 31,960 shares worth approximately $2.75 million following the completion of this transaction.
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Also, Link Janet purchased 13,520 shares, netting a total of over 1,404,847 in proceeds.
Before that, Link Janet had sold 3,442 shares from its account. In a trade valued at $298,748, the SVP, General Counsel & Sec’y traded Stanley Black & Decker Inc shares for $86.80 each. Upon closing the transaction, the insider’s holdings decreased to 3,442 shares, worth approximately $2.83 million.
As published in their initiating research note from Morgan Stanley on September 06, 2024, Stanley Black & Decker Inc [SWK] has been an Equal-weight and the price target has been revised to $107. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early June. As of December 14, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for SWK. Earlier on October 27, 2023, Citigroup upgraded its rating. Their new recommendation was “a Buy” for SWK stock which previously was a “a Neutral”.
Analyzing SWK Stock Performance
During the last five days, there has been a drop of approximately -3.92%. Over the course of the year, Stanley Black & Decker Inc shares have dropped approximately -12.30%. Shares of the company reached a 52-week high of $110.88 on 09/27/24 and a 52-week low of $77.70 on 07/01/24. A 50-day SMA is recorded $97.82, while a 200-day SMA reached $93.03. Nevertheless, trading volume fell to 2.31 million shares from 68517.0 shares the previous day.
Support And Resistance Levels for Stanley Black & Decker Inc (SWK)
According to the 24-hour chart, there is a support level at 85.09, which, if violated, would cause prices to drop to 84.15. In the upper region, resistance lies at 87.64. The next price resistance is at 89.26. RSI (Relative Strength Index) is 35.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 85.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
