Shares of Fastenal Company (FAST) Sees Large Inflow of Net Money Flow

Fastenal Company (FAST) : Fastenal Company (FAST) had a healthy money flow of $2.05 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $2.87 million, whereas, investors only sold shares worth $0.82 million on downticks. The stock closed the day with an up-down ratio of 3.49.The money flow in the block trades to the tune of $2.08 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.08 million worth of transactions were on upticks. Fastenal Company (FAST) stock slid $0.05 intraday and traded at 41.49, a change of -0.12% over previous days close. However, for the week, the company shares are -4.51% compared to previous weeks close.


Fastenal Company (FAST) : 7 Wall Street analysts covering Fastenal Company (FAST) believe that the average level the stock could reach for the short term is $45.29. The maximum price target given is $51 and the minimum target for short term is around $36, hence the standard deviation is calculated at $5.65.

Fastenal Company (NASDAQ:FAST): stock turned positive on Friday. Though the stock opened at $41.55, the bulls momentum made the stock top out at $42.21 level for the day. The stock recorded a low of $41.47 and closed the trading day at $42.12, in the green by 0.67%. The total traded volume for the day was 3,991,708. The stock had closed at $41.84 in the previous days trading.

In a related news, The officer (Interim CFO/CAO/Controller), of Fastenal Co, Lisowski Sheryl Ann had unloaded 5,000 shares at $46.69 per share in a transaction on March 2, 2016. The total value of transaction was $233,450. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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