Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Stifel Financial Corp. shares valued at $280,868 were sold by SLINEY DAVID D on Mar 15 ’24. At $74.01 per share, SLINEY DAVID D sold 3,795 shares. The insider’s holdings dropped to 184,619 shares worth approximately $14.04 million following the completion of this transaction.
Also, SLINEY DAVID D sold 17,000 shares, netting a total of over 1,272,110 in proceeds. Following the sale of shares at $74.83 each, the insider now holds 189,714 shares.
Before that, Michaud Thomas B. had sold 25,421 shares from its account. In a trade valued at $1,887,763, the Senior Vice President traded Stifel Financial Corp. shares for $74.26 each. Upon closing the transaction, the insider’s holdings decreased to 25,421 shares, worth approximately $6.85 million.
As published in their initiating research note from TD Cowen on January 04, 2024, Stifel Financial Corp. [SF] has been an Outperform and the price target has been revised to $83. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in late November. As of October 12, 2022, Citigroup has initiated its “Neutral” rating for SF. Earlier on June 23, 2021, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for SF stock which previously was a “an Underperform”.
Analyzing SF Stock Performance
During the last five days, there has been a drop of approximately -0.83%. Over the course of the year, Stifel Financial Corp. shares have jumped approximately 9.95%. Shares of the company reached a 52-week high of $78.33 on 03/28/24 and a 52-week low of $67.61 on 01/03/24. A 50-day SMA is recorded $75.37, while a 200-day SMA reached $66.03. Nevertheless, trading volume fell to 0.89 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Stifel Financial Corp. (SF)
According to the 24-hour chart, there is a support level at 75.26, which, if violated, would cause prices to drop to 74.49. In the upper region, resistance lies at 77.49. The next price resistance is at 78.96. RSI (Relative Strength Index) is 51.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 42.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Stifel Financial Corp. subject to short interest?
Stocks of Stifel Financial Corp. saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.19 million shares to 1.36 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.55 million shares. A decline of -13.97% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.74 of the overall float, the days-to-cover ratio (short ratio) decline to 2.74.
