Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Faro Technologies Inc shares valued at $16,854 were sold by Horwath Matthew on Dec 03 ’24. At $26.13 per share, Horwath Matthew sold 645 shares. The insider’s holdings dropped to 29,329 shares worth approximately $0.76 million following the completion of this transaction.
Also, Horwath Matthew purchased 645 shares, netting a total of over 16,852 in proceeds.
Before that, WASSERMAN YUVAL had sold 5,750 shares from its account. In a trade valued at $110,458, the Director traded Faro Technologies Inc shares for $19.21 each. Upon closing the transaction, the insider’s holdings decreased to 5,750 shares, worth approximately $4.1 million.
As published in a research note from Craig Hallum on August 03, 2023, Faro Technologies Inc [FARO] has been rated up from a Hold to a Buy and the price target has been revised to $26. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late April. As of October 07, 2021, Needham has increased its “Hold” rating to a “Buy” for FARO. Earlier on February 21, 2020, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for FARO stock which previously was a “a Hold”.
Analyzing FARO Stock Performance
During the last five days, there has been a surge of approximately 1.62%. Over the course of the year, Faro Technologies Inc shares have jumped approximately 1.62%. Shares of the company reached a 52-week high of $27.21 on 01/06/25 and a 52-week low of $24.91 on 01/08/25. A 50-day SMA is recorded $25.10, while a 200-day SMA reached $19.65. Nevertheless, trading volume fell to 0.1 million shares from 0.1 million shares the previous day.
Support And Resistance Levels for Faro Technologies Inc (FARO)
According to the 24-hour chart, there is a support level at 25.16, which, if violated, would cause prices to drop to 24.55. In the upper region, resistance lies at 26.13. The next price resistance is at 26.49. RSI (Relative Strength Index) is 48.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 69.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
