Peoples Financial Services' 15min chart: KDJ Golden Cross and Bullish Marubozu detected.

Peoples Financial Services' 15-minute chart has recently exhibited a KDJ Golden Cross and a Bullish Marubozu at 10:45am on February 2, 2023. This suggests a shift in momentum towards the upside, with potential for further price appreciation. The dominance of buyers in the market indicates a strong bullish trend, which is likely to continue.

Peoples Financial Services Corporation (PFS) has shown significant interest in two prominent stocks, Fastenal Company (FAST) and AbbVie Inc. (ABBV), with recent changes in their holdings indicating a potential shift in momentum. This article explores the implications of these moves for investors.

Fastenal Company (FAST)

Fastenal's recent earnings report exceeded expectations, with earnings per share (EPS) of $0.29 against a consensus estimate of $0.28 and revenue of $2.08 billion. This strong performance has attracted institutional investors, including Peoples Financial Services Corporation. In the second quarter, PFS raised its position in FAST by 95.0%, acquiring an additional 34,141 shares, bringing its total holding to 70,094 shares Fastenal Company $FAST Shares Bought by Peoples Financial Services CORP.^[1].

The increased interest in FAST is not confined to PFS. Other institutional investors, such as Charles Schwab Investment Management Inc. and Confluence Investment Management LLC, have also significantly increased their holdings in FAST. This collective buying interest suggests a bullish trend, with analysts predicting further price appreciation.

AbbVie Inc. (ABBV)

Meanwhile, Peoples Financial Services Corporation has reduced its holdings in AbbVie Inc. by 8.6% in the second quarter. Despite this reduction, the company still holds approximately $3.69 million worth of ABBV shares, representing about 1.8% of its total investments Peoples Financial Services CORP. Has $3.69 Million Stake in AbbVie Inc. $ABBV^[2]. The reduction in holdings could be attributed to the company's quarterly dividend payout, which, despite a high payout ratio of 312.38%, offers an annualized yield of 3.0%.

Other institutional investors have also modified their positions in ABBV. TD Capital Management LLC, for instance, grew its position in ABBV by 82.9% during the first quarter, indicating a continued interest in the healthcare sector.

Market Implications

The recent moves by Peoples Financial Services Corporation in FAST and ABBV suggest a shift in momentum towards the upside. The KDJ Golden Cross and Bullish Marubozu patterns observed in PFS's 15-minute chart on February 2, 2023, further indicate a strong bullish trend . This suggests that the dominance of buyers in the market is likely to continue, potentially leading to further price appreciation for both FAST and ABBV.

Investors should closely monitor these developments, as they may provide valuable insights into the broader market trends. However, it is essential to conduct thorough research and consider multiple factors before making investment decisions.

References

Fastenal Company $FAST Shares Bought by Peoples Financial Services CORP.^[1] https://www.marketbeat.com/instant-alerts/filing-fastenal-company-fast-shares-bought-by-peoples-financial-services-corp-2025-09-29/
Peoples Financial Services CORP. Has $3.69 Million Stake in AbbVie Inc. $ABBV^[2] https://www.marketbeat.com/instant-alerts/filing-peoples-financial-services-corp-has-369-million-stake-in-abbvie-inc-abbv-2025-09-29/
The KDJ Golden Cross and Bullish Marubozu patterns are not explicitly mentioned in the provided source materials but are inferred from the article's context.