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 $4,482,019 were sold by Gill Harpal on Jun 04 ’25. At $240.00 per share, Gill Harpal sold 18,675 shares. The insider’s holdings dropped to 18,068 shares worth approximately $4.64 million following the completion of this transaction.
Also, Gill Harpal purchased 18,675 shares, netting a total of over 4,482,000 in proceeds.
Before that, Olson Rollance E. had sold 2,500 shares from its account. In a trade valued at $559,940, the Director traded Fabrinet shares for $223.98 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $5.96 million.
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 surge of approximately 8.33%. Over the course of the year, Fabrinet shares have jumped approximately 16.87%. 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.
Support And Resistance Levels for Fabrinet (FN)
According to the 24-hour chart, there is a support level at 246.06, which, if violated, would cause prices to drop to 235.14. In the upper region, resistance lies at 264.25. The next price resistance is at 271.52. RSI (Relative Strength Index) is 72.80 on the 14-day chart, showing overbought technical sentiment.
