In a filing, Fortune Brands Innovations Inc revealed its EVP, Chief Supply Chain Wilson Ron unloaded Company’s shares for reported $0.1 million on Feb 10 ’25. In the deal valued at $68.94 per share,1,500 shares were sold. As a result of this transaction, Wilson Ron now holds 10,066 shares worth roughly $0.7 million.
Then, Ronald Wilson bought 1,500 shares, generating $103,399 in total proceeds.
Before that, Sheri Grissom bought 16,202 shares. Fortune Brands Innovations Inc shares valued at $1,245,768 were divested by the Officer at a price of $76.89 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 1.02% to $69.25. Over the last five days, the stock has gained 0.38%. Fortune Brands Innovations Inc shares have risen nearly 1.35% since the year began. Nevertheless, the stocks have fallen -13.57% over the past one year. While a 52-week high of $90.54 was reached on 01/21/25, a 52-week low of $62.54 was recorded on 02/07/25. SMA at 50 days reached $72.55, while 200 days put it at $75.51.
Levels Of Support And Resistance For FBIN Stock
The 24-hour chart illustrates a support level at 68.14, which if violated will result in even more drops to 67.02. On the upside, there is a resistance level at 70.42. A further resistance level may holdings at 71.58. The Relative Strength Index (RSI) on the 14-day chart is 42.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.25%. Stochastics %K at 31.64% indicates the stock is a holding.
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 2025-01-15, growing by 1.61 million shares to a total of 4.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.86 million shares. There was a rise of 36.07%, which implies that there is a positive sentiment for the stock.
