Fastenal CEO buys 2,000 shares

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Bobby Raines 07/16/2014

Willard Oberton, the CEO of Fastenal ( FAST ) , bought 2,000 shares of the company's common stock on July 15. At $45.14 per share, Oberton spent a total of $90,280 on the new shares.

IK-> The technicals for FAST ($45.31 up $0.32) are bearish with a downward trend. Recent support has been around $44.99 and recent resistance has been near $50.08. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Nov. 37/40 bull-put spread for a 25-cent credit. That's a 9.1% return and the stock has to fall 11.7% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing , Options

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