Is Fastenal Co (FAST) a Stock to Watch After Losing -1.30% This Week?

The market has been high on Fastenal Co (FAST) stock recently. FAST gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Fastenal Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FAST!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With FAST Stock Today?

Fastenal Co (FAST) stock has fallen -1.35% while the S&P 500 is higher by 0.03% as of 3:08 PM on Tuesday, Nov 28. FAST is lower by -$0.83 from the previous closing price of $60.95 on volume of 1,645,405 shares. Over the past year the S&P 500 has risen 14.83% while FAST is higher by 17.46%. FAST earned $1.98 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 30.36.

More About Fastenal Co

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,760 branches, over 1,400 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory. Click Here to get the full Stock Report for Fastenal Co stock.