Faro Technologies Inc’s recently made public that its SVP & Chief Financial Officer Horwath Matthew unloaded Company’s shares for reported $16854.0 on Dec 03 ’24. In the deal valued at $26.13 per share,645 shares were sold. As a result of this transaction, Horwath Matthew now holds 29,329 shares worth roughly $0.76 million.
Then, Horwath Matthew bought 645 shares, generating $16,852 in total proceeds.
Before that, WASSERMAN YUVAL sold 5,750 shares. Faro Technologies Inc shares valued at $110,458 were divested by the Director at a price of $19.21 per share. As a result of the transaction, WASSERMAN YUVAL now holds 159,170 shares, worth roughly $4.11 million.
Craig Hallum upgraded its Faro Technologies Inc [FARO] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Hold”. Needham also remained covering FARO and has increased its forecast on October 07, 2021 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on February 21, 2020. It rated FARO as “a Buy” which previously was an “a Hold”.
Price Performance Review of FARO
On Tuesday, Faro Technologies Inc [NASDAQ:FARO] saw its stock jump 1.22% to $25.82. Over the last five days, the stock has lost -6.45%. Faro Technologies Inc shares have risen nearly 14.60% since the year began. Nevertheless, the stocks have risen 17.52% over the past one year. While a 52-week high of $29.30 was reached on 12/12/24, a 52-week low of $13.52 was recorded on 08/05/24. SMA at 50 days reached $23.70, while 200 days put it at $19.42.
Levels Of Support And Resistance For FARO Stock
The 24-hour chart illustrates a support level at 25.53, which if violated will result in even more drops to 25.25. On the upside, there is a resistance level at 25.98. A further resistance level may holdings at 26.15. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.06%. Stochastics %K at 19.48% indicates the stock is a buying.
How much short interest is there in Faro Technologies Inc?
A steep rise in short interest was recorded in Faro Technologies Inc stocks on 2024-11-29, dropping by -0.21 million shares to a total of 0.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.08 million shares. There was a decline of -23.98%, which implies that there is a negative sentiment for the stock.
