Citigroup initates Pinnacle Financial Partners Inc. (PNFP) stock to a Buy

Pinnacle Financial Partners Inc.’s recently made public that its CHAIRMAN MCCABE ROBERT A JR unloaded Company’s shares for reported $0.55 million on Jan 23. In the deal valued at $87.43 per share,6,331 shares were sold. As a result of this transaction, MCCABE ROBERT A JR now holds 202,699 shares worth roughly $16.94 million.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Then, CARPENTER HAROLD R sold 2,431 shares, generating $213,243 in total proceeds. Upon selling the shares at $87.72, the EVP & CFO now owns 45,716 shares.

Before that, Brock Charles E sold 2,000 shares. Pinnacle Financial Partners Inc. shares valued at $161,828 were divested by the Director at a price of $80.91 per share. As a result of the transaction, Brock Charles E now holds 34,293 shares, worth roughly $2.87 million.

Citigroup initiated its Pinnacle Financial Partners Inc. [PNFP] rating to a Buy in a research note published on Monday, December 01, 2023; the price target was $86.

Price Performance Review of PNFP

On Monday, Pinnacle Financial Partners Inc. [NASDAQ:PNFP] saw its stock jump 2.35% to $83.55. Over the last five days, the stock has gained 2.69%. Pinnacle Financial Partners Inc. shares have fallen nearly -4.21% since the year began. Nevertheless, the stocks have risen 4.16% over the past one year. While a 52-week high of $92.33 was reached on 01/30/24, a 52-week low of $43.31 was recorded on 02/07/24. SMA at 50 days reached $84.64, while 200 days put it at $68.22. A total of 0.56 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For PNFP Stock

The 24-hour chart illustrates a support level at 81.73, which if violated will result in even more drops to 79.91. On the upside, there is a resistance level at 84.86. A further resistance level may holdings at 86.17. The Relative Strength Index (RSI) on the 14-day chart is 47.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.22%. Stochastics %K at 29.20% indicates the stock is a holding.

How much short interest is there in Pinnacle Financial Partners Inc.?

A steep rise in short interest was recorded in Pinnacle Financial Partners Inc. stocks on Jan 31, 2024, dropping by -0.2 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 2.14 million shares. There was a decline of -10.31%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.58% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.64.

Most Popular