Shares of Fastenal Company (FAST) Drops by -3.94%

Fastenal Company (FAST) : During the past 4 weeks, traders have been relatively bearish on Fastenal Company (FAST), hence the stock is down -6.39% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.35% relative to the S&P 500. The 4-week change in the price of the stock is -2.29% and the stock has fallen -3.94% in the past 1 week. The stock has recorded a 20-day Moving Average of 1.93% and the 50-Day Moving Average is 3.61%.

Fastenal Company (NASDAQ:FAST): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.56 and $43.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.45, notching a gain of 0.35% for the day. The total traded volume was 4,657,078 . The stock had closed at $43.30 on the previous day.


The company Insiders own 0.78% of Fastenal Company shares according to the proxy statements. Institutional Investors own 88.72% of Fastenal Company shares. During last six month period, the net percent change held by insiders has seen a change of 30.49%. In a related news, 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.

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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