Fortive Corp’s recently made public that its SVP – Human Resources Walker Stacey A. unloaded Company’s shares for reported $0.24 million on Feb 28 ’25. In the deal valued at $79.05 per share,3,002 shares were sold. As a result of this transaction, Walker Stacey A. now holds 42,373 shares worth roughly $2.77 million.
Then, McLaughlin Charles E sold 32,085 shares, generating $2,530,223 in total proceeds. Upon selling the shares at $78.86, the SVP – Chief Financial Officer now owns 76,126 shares.
Before that, Mulhall Christopher M. sold 6,493 shares. Fortive Corp shares valued at $519,115 were divested by the VP – Chief Accounting Officer at a price of $79.95 per share. As a result of the transaction, Mulhall Christopher M. now holds 24,283 shares, worth roughly $1.59 million.
Exane BNP Paribas downgraded its Fortive Corp [FTV] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Neutral”. Argus also remained covering FTV and has decreased its forecast on November 18, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS started covering the stock on November 13, 2024. It rated FTV as “a Neutral”.
Price Performance Review of FTV
On Thursday, Fortive Corp [NYSE:FTV] saw its stock jump 0.68% to $65.44. Over the last five days, the stock has gained 2.62%. Fortive Corp shares have fallen nearly -12.75% since the year began. Nevertheless, the stocks have fallen -19.25% over the past one year. While a 52-week high of $83.32 was reached on 02/20/25, a 52-week low of $60.38 was recorded on 04/09/25. SMA at 50 days reached $74.62, while 200 days put it at $75.08.
Levels Of Support And Resistance For FTV Stock
The 24-hour chart illustrates a support level at 65.09, which if violated will result in even more drops to 64.74. On the upside, there is a resistance level at 65.82. A further resistance level may holdings at 66.20. The Relative Strength Index (RSI) on the 14-day chart is 38.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.23%. Stochastics %K at 34.64% indicates the stock is a holding.
How much short interest is there in Fortive Corp?
A steep rise in short interest was recorded in Fortive Corp stocks on 2025-03-31, growing by 0.26 million shares to a total of 6.91 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.65 million shares. There was a rise of 3.82%, which implies that there is a positive sentiment for the stock.
