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 $1.95 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
Stifel downgraded its Fastenal Co [FAST] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid December from “a Hold” to “a Reduce”. BofA Securities started covering the stock on October 07, 2024. It rated FAST as “a Buy”.
Price Performance Review of FAST
On Monday, Fastenal Co [NASDAQ:FAST] saw its stock fall -0.45% to $74.48. Over the last five days, the stock has lost -4.68%. Fastenal Co shares have risen nearly 14.99% since the year began. Nevertheless, the stocks have risen 14.43% over the past one year. While a 52-week high of $84.88 was reached on 11/11/24, a 52-week low of $61.33 was recorded on 01/09/24. SMA at 50 days reached $79.72, while 200 days put it at $71.39.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 73.99, which if violated will result in even more drops to 73.50. On the upside, there is a resistance level at 74.95. A further resistance level may holdings at 75.41. The Relative Strength Index (RSI) on the 14-day chart is 26.02, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.64%. Stochastics %K at 8.61% indicates the stock is a buying.
How much short interest is there in Fastenal Co?
A steep rise in short interest was recorded in Fastenal Co stocks on 2024-11-29, dropping by -1.23 million shares to a total of 12.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.27 million shares. There was a decline of -10.23%, 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 Equal-weight”‘ rating along with a $72 price target.
