In a filing, Faro Technologies Inc revealed its Director WASSERMAN YUVAL unloaded Company’s shares for reported $0.18 million on Feb 05 ’25. In the deal valued at $31.35 per share,5,658 shares were sold. As a result of this transaction, WASSERMAN YUVAL now holds 153,512 shares worth roughly $ 4.37 million.
Then, WASSERMAN YUVAL bought 5,658 shares, generating $177,391 in total proceeds.
Before that, Horwath Matthew sold 645 shares. Faro Technologies Inc shares valued at $16,854 were divested by the SVP & Chief Financial Officer at a price of $26.13 per share. As a result of the transaction, Horwath Matthew now holds 29,329 shares, worth roughly $0.83 million.
Craig Hallum upgraded its Faro Technologies Inc [FARO] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Hold”. Needham also remained covering FARO and has increased its forecast on October 07, 2021 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on February 21, 2020. It rated FARO as “a Buy” which previously was an “a Hold”.
Price Performance Review of FARO
On Friday, Faro Technologies Inc [NASDAQ:FARO] saw its stock fall -3.03% to $28.44. Over the last five days, the stock has lost -3.56%. Faro Technologies Inc shares have risen nearly 12.15% since the year began. Nevertheless, the stocks have risen 33.65% over the past one year. While a 52-week high of $32.90 was reached on 01/31/25, a 52-week low of $13.52 was recorded on 01/13/25. SMA at 50 days reached $28.29, while 200 days put it at $20.93.
Levels Of Support And Resistance For FARO Stock
The 24-hour chart illustrates a support level at 28.09, which if violated will result in even more drops to 27.75. On the upside, there is a resistance level at 29.08. A further resistance level may holdings at 29.73. The Relative Strength Index (RSI) on the 14-day chart is 44.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.10%. Stochastics %K at 14.37% indicates the stock is a buying.
How much short interest is there in Faro Technologies Inc?
A steep rise in short interest was recorded in Faro Technologies Inc stocks on 2025-01-31, growing by 0.17 million shares to a total of 0.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 0.8 million shares. There was a rise of 17.21%, which implies that there is a positive sentiment for the stock.
