Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fastenal Co shares valued at $1,625,279 were sold by Jansen James C on Nov 22 ’24. At $83.08 per share, Jansen James C sold 19,564 shares. The insider’s holdings dropped to 26,176 shares worth approximately $1.97 million following the completion of this transaction.
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Also, JAMES C. JANSEN purchased 19,564 shares, netting a total of over 1,625,279 in proceeds.
Before that, Miller Charles S. had sold 23,480 shares from its account. In a trade valued at $1,970,393, the SENIOR EXECUTIVE VP traded Fastenal Co shares for $83.92 each. Upon closing the transaction, the insider’s holdings decreased to 23,480 shares, worth approximately $0.0.
As published in a research note from Stifel on December 11, 2024, Fastenal Co [FAST] has been rated down from a Buy to a Hold and the price target has been revised to $86. Analysts at HSBC Securities downgraded the stock from ‘”a Hold”‘ to ‘”a Reduce”‘ outlook in a report released in mid December. Earlier on October 07, 2024, BofA Securities initiated its rating. Their recommendation was “a Buy” for FAST stock.
Analyzing FAST Stock Performance
During the last five days, there has been a drop of approximately -3.79%. Over the course of the year, Fastenal Co shares have jumped approximately 15.33%. Shares of the company reached a 52-week high of $84.88 on 11/11/24 and a 52-week low of $61.33 on 01/09/24. A 50-day SMA is recorded $79.69, while a 200-day SMA reached $71.40. Nevertheless, trading volume fell to 1.07 million shares from 2.07 million shares the previous day.
Support And Resistance Levels for Fastenal Co (FAST)
According to the 24-hour chart, there is a support level at 74.53, which, if violated, would cause prices to drop to 73.94. In the upper region, resistance lies at 75.42. The next price resistance is at 75.72. RSI (Relative Strength Index) is 27.79 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.95, which suggests the price will decrease in the coming days. Percent R is at 81.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
