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 Nasdaq, Inc.

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This article appears in: Investing , Options

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