Franklin Electric Co., Inc’s filing revealed that its Executive Chairperson SENGSTACK GREGG C unloaded Company’s shares for reported $0.15 million on Nov 05 ’24. In the deal valued at $100.22 per share,1,500 shares were sold. As a result of this transaction, SENGSTACK GREGG C now holds 9,032 shares worth roughly $0.89 million.
Then, SENGSTACK GREGG C bought 1,500 shares, generating $148,395 in total proceeds.
Before that, Grandon Jonathan M. bought 2,219 shares. Franklin Electric Co., Inc shares valued at $228,606 were divested by the Officer at a price of $103.02 per share.
Northcoast upgraded its Franklin Electric Co., Inc [FELE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid April with a ‘”a Perform”‘ rating. Northcoast also remained covering FELE and has decreased its forecast on August 15, 2022 with a “Neutral” recommendation from previously “Buy” rating. Northcoast started covering the stock on July 15, 2022. It rated FELE as “a Buy”.
Price Performance Review of FELE
On Friday, Franklin Electric Co., Inc [NASDAQ:FELE] saw its stock jump 0.76% to $98.89. Over the last five days, the stock has gained 5.90%. Franklin Electric Co., Inc shares have risen nearly 1.47% since the year began. Nevertheless, the stocks have risen 6.66% over the past one year. While a 52-week high of $111.94 was reached on 01/17/25, a 52-week low of $91.67 was recorded on 01/13/25. SMA at 50 days reached $103.18, while 200 days put it at $100.99.
Levels Of Support And Resistance For FELE Stock
The 24-hour chart illustrates a support level at 98.48, which if violated will result in even more drops to 98.08. On the upside, there is a resistance level at 99.53. A further resistance level may holdings at 100.17. The Relative Strength Index (RSI) on the 14-day chart is 49.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.68%. Stochastics %K at 82.25% indicates the stock is a selling.
How much short interest is there in Franklin Electric Co., Inc?
A steep rise in short interest was recorded in Franklin Electric Co., Inc stocks on 2024-12-31, growing by 15246.0 shares to a total of 0.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.57 million shares. There was a rise of 2.58%, which implies that there is a positive sentiment for the stock.
