Fastenal Company (NASDAQ:FAST) has tumbled 0.22% during the past week and has dropped 0.87% in the last 4 week period. The company has outperformed the S&P 500 by 0.97% in the past week but underperformed the index by 1.77% in the last 4 weeks.
Fastenal Company (NASDAQ:FAST): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.30 and $43.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.47, notching a gain of 0.38% for the day. The total traded volume was 3,767,499 . The stock had closed at $44.30 on the previous day.
The company shares have rallied 3.47% from its 1 Year high price. On Mar 21, 2016, the shares registered one year high at $49.99 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $45.67 and the 200 Day Moving Average price is recorded at $43.93.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Lisowski Sheryl Ann, officer (Interim CFO/CAO/Controller) of Fastenal Co, had unloaded 5,000 shares at an average price of $46.69 in a transaction dated on March 2, 2016. The total value of the transaction was worth $233,450.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Credit Suisse maintains its rating on Fastenal Company (NASDAQ:FAST). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Credit Suisse raises the price target from $37 per share to $44 per share. The rating by the firm was issued on April 14, 2016. Currently the company Insiders own 0.78% of Fastenal Company shares according to the proxy statements. Institutional Investors own 88.86% of Fastenal Company shares. During last six month period, the net percent change held by insiders has seen a change of 30.49%.
Fastenal Company sells industrial and construction supplies to end-users (business-to-business), and also has some walk-in retail business. The Companys product offerings include fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. The Companys product line, which it refers to as the fastener product line, consists of two categories: threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories. The Companys product line includes fasteners, cutting tools, tools, hydraulics and pneumatics, material handling, janitorial supplies, electrical supplies, welding supplies, safety supplies, metals, direct ship and office supplies. It operates approximately 14 distribution centers in North America.