Fortune Brands Innovations Inc’s recent filing unveils that its Officer Sheri Grissom acquired Company’s shares for reported $1.25 million on Nov 12 ’24. In the deal valued at $76.89 per share,16,202 shares were bought.
Then, HACKETT ANN F sold 2,197 shares, generating $174,414 in total proceeds. Upon selling the shares at $79.39, the Director now owns 34,815 shares.
Before that, HACKETT ANN F bought 2,197 shares. Fortune Brands Innovations Inc shares valued at $177,781 were divested by the Director at a price of $80.92 per share.
BMO Capital Markets downgraded its Fortune Brands Innovations Inc [FBIN] rating to a Market perform from a an Outperform in a research note published on January 31, 2024; the price target was increased to $82 from $76. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”a Perform”‘ rating. Jefferies revised its rating on April 28, 2023. It rated FBIN as “a Buy” which previously was an “a Hold”.
Price Performance Review of FBIN
On Tuesday, Fortune Brands Innovations Inc [NYSE:FBIN] saw its stock jump 2.48% to $72.59. Over the last five days, the stock has gained 6.25%. Fortune Brands Innovations Inc shares have risen nearly 6.23% since the year began. Nevertheless, the stocks have fallen -7.61% over the past one year. While a 52-week high of $90.54 was reached on 01/14/25, a 52-week low of $62.54 was recorded on 01/07/25. SMA at 50 days reached $75.12, while 200 days put it at $76.11.
Levels Of Support And Resistance For FBIN Stock
The 24-hour chart illustrates a support level at 71.89, which if violated will result in even more drops to 71.20. On the upside, there is a resistance level at 72.95. A further resistance level may holdings at 73.32. The Relative Strength Index (RSI) on the 14-day chart is 53.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.56%. Stochastics %K at 81.34% indicates the stock is a selling.
How much short interest is there in Fortune Brands Innovations Inc?
A steep rise in short interest was recorded in Fortune Brands Innovations Inc stocks on 2024-12-31, growing by 1.49 million shares to a total of 4.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.53 million shares. There was a rise of 37.12%, which implies that there is a positive sentiment for the stock.
