Fastenal Co’s filing revealed that its Executive Vice President Jansen James C unloaded Company’s shares for reported $1.63 million on Nov 22 ’24. In the deal valued at $83.08 per share,19,564 shares were sold. As a result of this transaction, Jansen James C now holds 26,176 shares worth roughly $1.99 million.
Then, JAMES C. JANSEN bought 19,564 shares, generating $1,625,279 in total proceeds.
Before that, Miller Charles S. sold 23,480 shares. Fastenal Co shares valued at $1,970,393 were divested by the SENIOR EXECUTIVE VP at a price of $83.92 per share. As a result of the transaction, Miller Charles S. now holds 0 shares, worth roughly $0.0.
Stifel downgraded its Fastenal Co [FAST] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid December from “a Hold” to “a Reduce”. BofA Securities started covering the stock on October 07, 2024. It rated FAST as “a Buy”.
Price Performance Review of FAST
On Tuesday, Fastenal Co [NASDAQ:FAST] saw its stock jump 0.01% to $76.09. Over the last five days, the stock has gained 4.39%. Fastenal Co shares have risen nearly 5.81% since the year began. Nevertheless, the stocks have risen 12.01% over the past one year. While a 52-week high of $84.88 was reached on 01/21/25, a 52-week low of $61.36 was recorded on 01/03/25. SMA at 50 days reached $78.36, while 200 days put it at $71.13.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 75.42, which if violated will result in even more drops to 74.75. On the upside, there is a resistance level at 77.24. A further resistance level may holdings at 78.39. The Relative Strength Index (RSI) on the 14-day chart is 55.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.29%. Stochastics %K at 82.89% indicates the stock is a selling.
How much short interest is there in Fastenal Co?
A steep rise in short interest was recorded in Fastenal Co stocks on 2024-12-31, growing by 18564.0 shares to a total of 12.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 12.03 million shares. There was a rise of 0.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 06, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $72 price target.
