The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fabrinet shares valued at $5,135,625 were purchased by Gill Harpal on Nov 12 ’24. At $275.00 per share, Gill Harpal acquired 18,675 shares.
Also, Archer Edward T. sold 8,690 shares, netting a total of over 1,914,021 in proceeds. Following the sale of shares at $220.26 each, the insider now holds 8,333 shares.
Before that, Archer Edward T. had added 8,690 shares to its account. In a trade valued at $1,914,022, the Officer bought Fabrinet shares for $220.26 each.
As published in their initiating research note from Fox Advisors on February 18, 2025, Fabrinet [FN] has been an Overweight and the price target has been revised to $270. Analysts at B. Riley Securities downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid November. As of November 14, 2024, Barclays has initiated its “an Equal weight” rating for FN.
Analyzing FN Stock Performance
During the last five days, there has been a drop of approximately -15.37%. Over the course of the year, Fabrinet shares have dropped approximately -11.22%. Shares of the company reached a 52-week high of $281.79 on 01/22/25 and a 52-week low of $183.31 on 01/27/25. A 50-day SMA is recorded $224.88, while a 200-day SMA reached $234.48. Nevertheless, trading volume fell to 0.75 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Fabrinet (FN)
According to the 24-hour chart, there is a support level at 187.11, which, if violated, would cause prices to drop to 179.00. In the upper region, resistance lies at 210.97. The next price resistance is at 226.73. RSI (Relative Strength Index) is 39.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.21, which suggests the price will decrease in the coming days. Percent R is at 99.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
