Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Hawaiian INC shares valued at $88,513 were sold by Dods Christopher L on Dec 01 ’23. At $20.35 per share, Dods Christopher L sold 4,350 shares. The insider’s holdings dropped to 52,583 shares worth approximately $1.12 million following the completion of this transaction.
As published in their initiating research note from Barclays on March 08, 2024, First Hawaiian INC [FHB] has been an Equal weight and the price target has been revised to $25. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early January. As of December 13, 2022, JP Morgan has increased its “an Underweight” rating to a “Neutral” for FHB. Earlier on April 25, 2022, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for FHB stock which previously was a “an Outperform”.
Analyzing FHB Stock Performance
During the last five days, there has been a drop of approximately -1.93%. Over the course of the year, First Hawaiian INC shares have dropped approximately -6.78%. Shares of the company reached a 52-week high of $23.12 on 01/02/24 and a 52-week low of $20.37 on 03/01/24. A 50-day SMA is recorded $21.35, while a 200-day SMA reached $20.02. Nevertheless, trading volume fell to 0.72 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for First Hawaiian INC (FHB)
According to the 24-hour chart, there is a support level at 21.08, which, if violated, would cause prices to drop to 20.85. In the upper region, resistance lies at 21.70. The next price resistance is at 22.10. RSI (Relative Strength Index) is 49.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 64.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is First Hawaiian INC subject to short interest?
Stocks of First Hawaiian INC saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.34 million shares to 2.98 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.32 million shares. A decline of -11.41% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.67 of the overall float, the days-to-cover ratio (short ratio) decline to 4.67.
