The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fossil Group Inc shares valued at $206,849 were purchased by Fogliato Franco on Nov 27 ’24. At $1.49 per share, Fogliato Franco acquired 138,825 shares. The insider’s holdings grew to 1,750,000 shares worth approximately $3.29 million following the completion of this transaction.
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Also, Fogliato Franco purchased 111,175 shares, netting a total of over 152,310 in proceeds. Following the buying of shares at $1.37 each, the insider now holds 1,611,175 shares.
As published in a research note from Telsey Advisory Group on February 27, 2020, Fossil Group Inc [FOSL] has been retained to a Market perform and the price target has been revised to $5. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early November. As of August 05, 2019, Telsey Advisory Group has reiterated its “Market perform” rating for FOSL. Earlier on February 14, 2019, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for FOSL stock.
Analyzing FOSL Stock Performance
During the last five days, there has been a drop of approximately -3.09%. Over the course of the year, Fossil Group Inc shares have jumped approximately 28.77%. Shares of the company reached a 52-week high of $2.6100 on 12/02/24 and a 52-week low of $0.7500 on 04/30/24. A 50-day SMA is recorded $1.3825, while a 200-day SMA reached $1.1893. Nevertheless, trading volume fell to 0.68 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Fossil Group Inc (FOSL)
According to the 24-hour chart, there is a support level at 1.7900, which, if violated, would cause prices to drop to 1.7000. In the upper region, resistance lies at 2.0100. The next price resistance is at 2.1400. RSI (Relative Strength Index) is 58.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1517, which suggests the price will decrease in the coming days. Percent R is at 48.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
