Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Home Bancshares Inc shares valued at $540,041 were sold by Townsell Donna on Mar 21 ’24. At $23.76 per share, Townsell Donna sold 22,729 shares. The insider’s holdings dropped to 215,854 shares worth approximately $5.3 million following the completion of this transaction.
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Also, ALLISON JOHN W purchased 20,000 shares, netting a total of over 454,824 in proceeds. Following the buying of shares at $22.74 each, the insider now holds 5,509,982 shares.
Before that, Hickman James Pat had sold 60,000 shares from its account. In a trade valued at $1,522,800, the Director traded Home Bancshares Inc shares for $25.38 each. Upon closing the transaction, the insider’s holdings decreased to 60,000 shares, worth approximately $5.85 million.
As published in their initiating research note from Citigroup on December 01, 2023, Home Bancshares Inc [HOMB] has been a Neutral and the price target has been revised to $23. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of July 16, 2021, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for HOMB. Earlier on April 17, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for HOMB stock which previously was a “a Mkt perform”.
Analyzing HOMB Stock Performance
During the last five days, there has been a surge of approximately 3.46%. Over the course of the year, Home Bancshares Inc shares have dropped approximately -3.12%. Shares of the company reached a 52-week high of $25.56 on 01/02/24 and a 52-week low of $22.42 on 02/01/24. A 50-day SMA is recorded $23.70, while a 200-day SMA reached $22.94. Nevertheless, trading volume fell to 1.3 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Home Bancshares Inc (HOMB)
According to the 24-hour chart, there is a support level at 23.94, which, if violated, would cause prices to drop to 23.35. In the upper region, resistance lies at 24.85. The next price resistance is at 25.17. RSI (Relative Strength Index) is 62.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 1.82%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Home Bancshares Inc subject to short interest?
Stocks of Home Bancshares Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.16 million shares to 4.0 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.84 million shares. A jump of 4.0% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.94 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.94.
