Shares of Fastenal Company (FAST) Sees Large Outflow of Money

Fastenal Company (FAST) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.97 million) and the uptick to downtick ratio was 0.38. The transaction value on upticks was $0.6 million and on downticks, the transaction value was $1.56 million. The transaction value of block trades during downticks was $0.7 million. The money flow was negative ($0.7 million), indicating the traders were booking profit on the price strength. Fastenal Company (FAST) rose $0.22 at $43.66, during intraday Monday , a rise of 0.51% over the previous days close.


Shares of Fastenal Company rose by 2.17% in the last five trading days and 1.49% for the last 4 weeks. Fastenal Company has dropped 3.55% during the last 3-month period . Year-to-Date the stock performance stands at 9.61%.

Fastenal Company (NASDAQ:FAST): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.41 and $43.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.78, notching a gain of 0.78% for the day. The total traded volume was 1,225,990 . The stock had closed at $43.44 on the previous day.

In a related news,The officer (Interim CFO/CAO/Controller) of Fastenal Co, Lisowski Sheryl Ann sold 5,000 shares at $46.69 on March 2, 2016. The Insider selling transaction had a total value worth of $233,450. The Insider information was disclosed with 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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