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. Fortive Corp shares valued at $237,308 were sold by Walker Stacey A. on Feb 28 ’25. At $79.05 per share, Walker Stacey A. sold 3,002 shares. The insider’s holdings dropped to 42,373 shares worth approximately $3.31 million following the completion of this transaction.
Also, McLaughlin Charles E sold 32,085 shares, netting a total of over 2,530,223 in proceeds. Following the sale of shares at $78.86 each, the insider now holds 76,126 shares.
Before that, Mulhall Christopher M. had sold 6,493 shares from its account. In a trade valued at $519,115, the VP – Chief Accounting Officer traded Fortive Corp shares for $79.95 each. Upon closing the transaction, the insider’s holdings decreased to 6,493 shares, worth approximately $1.9 million.
As published in a research note from Citigroup on December 09, 2024, Fortive Corp [FTV] has been rated down from a Buy to a Neutral and the price target has been revised to $86 from $92. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid November. As of November 13, 2024, UBS has initiated its “Neutral” rating for FTV. Earlier on October 10, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for FTV stock which previously was a “a Neutral”.
Analyzing FTV Stock Performance
During the last five days, there has been a drop of approximately -2.25%. Over the course of the year, Fortive Corp shares have jumped approximately 4.15%. Shares of the company reached a 52-week high of $83.32 on 02/20/25 and a 52-week low of $74.28 on 01/02/25. A 50-day SMA is recorded $78.60, while a 200-day SMA reached $75.51.
Support And Resistance Levels for Fortive Corp (FTV)
According to the 24-hour chart, there is a support level at 77.35, which, if violated, would cause prices to drop to 76.59. In the upper region, resistance lies at 78.80. The next price resistance is at 79.48. RSI (Relative Strength Index) is 42.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.03, which suggests the price will decrease in the coming days. Percent R is at 78.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
