Fastenal president buys 4,300 shares

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Bobby Raines 01/22/2014

Leland Hein, the president of Fastenal ( FAST ) , bought 4,300 shares of the company's common stock on Jan. 17. At $47.38 per share, Hein paid a total of $203,728 for the shares.

IK-> The technicals for FAST ($47.65 up $0.19) are bearish with an upward trend. Recent support has been around $44.55 and recent resistance has been around $48.37. Standard & Poor's has a five STARs (out of five) rating on the stock. Look at the May 36/40 bull-put spread for a 20-cent credit. That's a 5.26% return and the stock has to fall 16.1% 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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: FAST

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