Fastenal Co’s filing revealed that its Chief Financial Officer/EVP Lewis Holden unloaded Company’s shares for reported $5.15 million on Mar 14 ’25. In the deal valued at $74.97 per share,68,664 shares were sold. As a result of this transaction, Lewis Holden now holds 10,097 shares worth roughly $0.75 million.
Then, HOLDEN LEWIS bought 68,655 shares, generating $5,147,275 in total proceeds.
Before that, Jansen James C sold 19,564 shares. Fastenal Co shares valued at $1,625,279 were divested by the Executive Vice President at a price of $83.08 per share. As a result of the transaction, Jansen James C now holds 26,176 shares, worth roughly $1.96 million.
William Blair upgraded its Fastenal Co [FAST] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. HSBC Securities also remained covering FAST and has decreased its forecast on December 11, 2024 with a “Reduce” recommendation from previously “Hold” rating.
Price Performance Review of FAST
On Friday, Fastenal Co [NASDAQ:FAST] saw its stock fall -1.03% to $74.73. Over the last five days, the stock has lost -0.70%. Fastenal Co shares have risen nearly 3.92% since the year began. Nevertheless, the stocks have fallen -1.94% over the past one year. While a 52-week high of $84.88 was reached on 03/10/25, a 52-week low of $61.36 was recorded on 01/03/25. SMA at 50 days reached $74.96, while 200 days put it at $72.58.
Levels Of Support And Resistance For FAST Stock
The 24-hour chart illustrates a support level at 74.27, which if violated will result in even more drops to 73.82. On the upside, there is a resistance level at 75.27. A further resistance level may holdings at 75.81. The Relative Strength Index (RSI) on the 14-day chart is 46.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.18%. Stochastics %K at 26.20% indicates the stock is a holding.
How much short interest is there in Fastenal Co?
A steep rise in short interest was recorded in Fastenal Co stocks on 2025-02-28, growing by 0.49 million shares to a total of 13.65 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 13.16 million shares. There was a rise of 3.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 07, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
