Fabrinet’s filing revealed that its Officer Gill Harpal acquired Company’s shares for reported $5.14 million on Nov 12 ’24. In the deal valued at $275.00 per share,18,675 shares were bought.
Then, Archer Edward T. sold 8,690 shares, generating $1,914,021 in total proceeds. Upon selling the shares at $220.26, the EVP, Sales & Marketing now owns 8,333 shares.
Before that, Archer Edward T. bought 8,690 shares. Fabrinet shares valued at $1,914,022 were divested by the Officer at a price of $220.26 per share.
B. Riley Securities downgraded its Fabrinet [FN] rating to a Sell from a a Neutral in a research note published on November 20, 2024; the price target was decreased to $178 from $194. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid November with a ‘”an Equal weight”‘ rating. Jefferies started covering the stock on June 26, 2024. It rated FN as “a Hold”.
Price Performance Review of FN
On Tuesday, Fabrinet [NYSE:FN] saw its stock jump 2.35% to $206.78. Over the last five days, the stock has lost -17.98%. Fabrinet shares have fallen nearly -5.96% since the year began. Nevertheless, the stocks have fallen -1.36% over the past one year. While a 52-week high of $281.79 was reached on 01/22/25, a 52-week low of $159.69 was recorded on 01/27/25. SMA at 50 days reached $233.57, while 200 days put it at $230.48.
Levels Of Support And Resistance For FN Stock
The 24-hour chart illustrates a support level at 196.71, which if violated will result in even more drops to 186.64. On the upside, there is a resistance level at 212.29. A further resistance level may holdings at 217.79. The Relative Strength Index (RSI) on the 14-day chart is 38.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.17%. Stochastics %K at 35.79% indicates the stock is a holding.
How much short interest is there in Fabrinet?
A steep rise in short interest was recorded in Fabrinet stocks on 2025-01-15, growing by 0.13 million shares to a total of 2.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.94 million shares. There was a rise of 6.37%, which implies that there is a positive sentiment for the stock.
