Fabrinet’s filing revealed that its Officer Gill Harpal acquired Company’s shares for reported $5.14 million on Nov 12 ’24. In the deal valued at $275.00 per share,18,675 shares were bought.
Then, Archer Edward T. sold 8,690 shares, generating $1,914,021 in total proceeds. Upon selling the shares at $220.26, the EVP, Sales & Marketing now owns 8,333 shares.
Before that, Archer Edward T. bought 8,690 shares. Fabrinet shares valued at $1,914,022 were divested by the Officer at a price of $220.26 per share.
B. Riley Securities upgraded its Fabrinet [FN] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who began to cover the stock in mid February with a ‘”an Overweight”‘ rating. B. Riley Securities also remained covering FN and has decreased its forecast on November 20, 2024 with a “Sell” recommendation from previously “Neutral” rating. Barclays started covering the stock on November 14, 2024. It rated FN as “an Equal weight”.
Price Performance Review of FN
On Tuesday, Fabrinet [NYSE:FN] saw its stock jump 2.23% to $207.55. Over the last five days, the stock has gained 17.17%. Fabrinet shares have fallen nearly -5.61% since the year began. Nevertheless, the stocks have risen 20.53% over the past one year. While a 52-week high of $281.79 was reached on 01/22/25, a 52-week low of $148.55 was recorded on 04/04/25. SMA at 50 days reached $201.78, while 200 days put it at $225.82.
Levels Of Support And Resistance For FN Stock
The 24-hour chart illustrates a support level at 202.97, which if violated will result in even more drops to 198.39. On the upside, there is a resistance level at 210.90. A further resistance level may holdings at 214.25. The Relative Strength Index (RSI) on the 14-day chart is 56.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.55%. Stochastics %K at 82.85% indicates the stock is a selling.
How much short interest is there in Fabrinet?
A steep rise in short interest was recorded in Fabrinet stocks on 2025-04-15, dropping by -0.65 million shares to a total of 1.47 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.12 million shares. There was a decline of -44.08%, which implies that there is a negative sentiment for the stock.
