Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fortive Corp shares valued at $5,986,880 were purchased by LICO JAMES A on Nov 15 ’24. At $74.84 per share, LICO JAMES A acquired 80,000 shares.
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Also, Underwood Peter C sold 5,000 shares, netting a total of over 382,900 in proceeds. Following the sale of shares at $76.58 each, the insider now holds 48,346 shares.
Before that, Underwood Peter C had added 5,000 shares to its account. In a trade valued at $382,900, the Officer bought Fortive Corp shares for $76.58 each.
As published in a research note from Citigroup on December 09, 2024, Fortive Corp [FTV] has been rated down from a Buy to a Neutral and the price target has been revised to $86 from $92. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid November. As of November 13, 2024, UBS has initiated its “Neutral” rating for FTV. Earlier on October 10, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for FTV stock which previously was a “a Neutral”.
Analyzing FTV Stock Performance
During the last five days, there has been a drop of approximately -4.67%. Over the course of the year, Fortive Corp shares have dropped approximately -0.53%. Shares of the company reached a 52-week high of $87.10 on 03/22/24 and a 52-week low of $66.15 on 08/05/24. A 50-day SMA is recorded $76.20, while a 200-day SMA reached $76.21. Nevertheless, trading volume fell to 2.92 million shares from 2.94 million shares the previous day.
Support And Resistance Levels for Fortive Corp (FTV)
According to the 24-hour chart, there is a support level at 72.50, which, if violated, would cause prices to drop to 71.76. In the upper region, resistance lies at 74.21. The next price resistance is at 75.17. RSI (Relative Strength Index) is 30.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.12, which suggests the price will decrease in the coming days. Percent R is at 92.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
