Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fulton Financial Corporation shares valued at $49,921 were purchased by Martin George K on Feb 07. At $17.16 per share, Martin George K acquired 2,910 shares. The insider’s holdings grew to 8,870 shares worth approximately $0.15 million following the completion of this transaction.
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Also, HODGES GEORGE W sold 6,799 shares, netting a total of over 112,653 in proceeds. Following the sale of shares at $16.57 each, the insider now holds 14,393 shares.
Before that, Sargent Angela M had sold 11,581 shares from its account. In a trade valued at $215,028, the SEVP & Chief Info Officer traded Fulton Financial Corporation shares for $18.57 each. Upon closing the transaction, the insider’s holdings decreased to 11,581 shares, worth approximately $1.19 million.
As published in their initiating research note from Janney on January 10, 2023, Fulton Financial Corporation [FULT] has been a Neutral and the price target has been revised to $19.50. This represents a 13.08% premium over Thursday’s closing price. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late April. As of June 17, 2020, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for FULT. Earlier on June 01, 2020, Stephens initiated its rating. Their recommendation was “an Equal-weight” for FULT stock.
Analyzing FULT Stock Performance
On Thursday, Fulton Financial Corporation [NASDAQ: FULT] plunged -2.08% to $16.95. The stock’s lowest price that day was $16.78, but it reached a high of $17.20 in the same session. During the last five days, there has been a drop of approximately -1.28%. Over the course of the year, Fulton Financial Corporation shares have jumped approximately 0.71%. Shares of the company reached a 52-week high of $17.50 on 02/15/23 and a 52-week low of $15.03 on 01/18/23. A 50-day SMA is recorded $16.83, while a 200-day SMA reached $16.54. Nevertheless, trading volume fell to 0.71 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Fulton Financial Corporation (FULT)
According to the 24-hour chart, there is a support level at 17.14, which, if violated, would cause prices to drop to 16.96. In the upper region, resistance lies at 17.42. The next price resistance is at 17.52. RSI (Relative Strength Index) is 47.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 79.17%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Fulton Financial Corporation subject to short interest?
Stocks of Fulton Financial Corporation saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.14 million shares to 4.22 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 4.36 million shares. A decline of -3.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.81 of the overall float, the days-to-cover ratio (short ratio) decline to 3.81.
Which companies own the most shares of Fulton Financial Corporation (FULT)?
According to BlackRock Fund Advisors filings, the company currently owns 19,239,833 shares, which is about 11.49% of the total FULT shares outstanding. The investor’s shares have appreciated by 684,566 from its previous 13-F filing of 18555267.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $287,075,357. Dimensional Fund Advisors LP acquire a 1.21% interest valued at $203.42 million while SSgA Funds Management, Inc. sold a -564,807 stake. A total of 220,533 shares of Fulton Financial Corporation were sold by Fuller & Thaler Asset Management, during the quarter, and 100,961 were bought by Geode Capital Management LLC. In its current portfolio, Millennium Management LLC holds 2,285,030 shares valued at $38.23 million.