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 a research note from B. Riley Securities on April 04, 2025, Fabrinet [FN] has been rated up from a Sell to a Neutral and the price target has been revised to $176. Analysts at Fox Advisors started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid February. As of November 20, 2024, B. Riley Securities has decreased its “Neutral” rating to a “Sell” for FN. Earlier on November 14, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for FN stock.
Analyzing FN Stock Performance
During the last five days, there has been a drop of approximately -0.90%. Over the course of the year, Fabrinet shares have dropped approximately -15.04%. Shares of the company reached a 52-week high of $281.79 on 01/22/25 and a 52-week low of $148.55 on 04/04/25. A 50-day SMA is recorded $202.68, while a 200-day SMA reached $226.61.
Support And Resistance Levels for Fabrinet (FN)
According to the 24-hour chart, there is a support level at 182.74, which, if violated, would cause prices to drop to 178.67. In the upper region, resistance lies at 193.91. The next price resistance is at 201.01. RSI (Relative Strength Index) is 47.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.78, which suggests the price will decrease in the coming days. Percent R is at 39.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
