Fastenal Company (FAST) Shares are Up 1.33%

Fastenal Company (FAST) has been under a strong bear grip, hence the stock is down -1.04% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.27% in the past 1 week. The stock has risen by 1.33% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.02% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 0.21%. Fastenal Company (NASDAQ:FAST): The stock was completely flat for the day, closing at $43.44 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $43.32, the stock touched an intraday high of $43.61 and a low of $43.17. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $43.44. The total trading volume on Friday was 1,265,579.


The company Insiders own 0.78% of Fastenal Company shares according to the proxy statements. Institutional Investors own 85.67% of Fastenal Company shares. Also, Morgan Stanley initiates coverage on Fastenal Company (NASDAQ:FAST) The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency announces the price target to $46 per share. The rating by the firm was issued on July 7, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.