First Commonwealth Financial Corp.’s recent filing unveils that its EVP/Chief Credit Officer KARRIP BRIAN G unloaded Company’s shares for reported $0.12 million on Feb 26 ’24. In the deal valued at $13.09 per share,8,926 shares were sold. As a result of this transaction, KARRIP BRIAN G now holds 52,036 shares worth roughly $0.7 million.
Then, Riggle Carrie L sold 7,563 shares, generating $99,907 in total proceeds. Upon selling the shares at $13.21, the EVP/Human Resources now owns 46,309 shares.
Before that, CHARLEY RAY T sold 875 shares. First Commonwealth Financial Corp. shares valued at $10,518 were divested by the Director at a price of $12.02 per share. As a result of the transaction, CHARLEY RAY T now holds 328,550 shares, worth roughly $4.41 million.
Stephens upgraded its First Commonwealth Financial Corp. [FCF] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Mkt perform”. Janney began covering FCF with “Buy” recommendation on September 29, 2022. Stephens revised its rating on August 03, 2022. It rated FCF as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of FCF
On Tuesday, First Commonwealth Financial Corp. [NYSE:FCF] saw its stock jump 0.67% to $13.43. Over the last five days, the stock has lost -0.44%. First Commonwealth Financial Corp. shares have fallen nearly -13.02% since the year began. Nevertheless, the stocks have risen 13.81% over the past one year. While a 52-week high of $15.90 was reached on 01/02/24, a 52-week low of $11.16 was recorded on 03/01/24. SMA at 50 days reached $13.43, while 200 days put it at $13.42. A total of 0.28 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For FCF Stock
The 24-hour chart illustrates a support level at 13.35, which if violated will result in even more drops to 13.28. On the upside, there is a resistance level at 13.49. A further resistance level may holdings at 13.56. The Relative Strength Index (RSI) on the 14-day chart is 49.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.43%. Stochastics %K at 39.48% indicates the stock is a holding.
How much short interest is there in First Commonwealth Financial Corp.?
A steep rise in short interest was recorded in First Commonwealth Financial Corp. stocks on Mar 15, 2024, growing by 90000.0 shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.1 million shares. There was a rise of 7.56%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.63% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.24.
