Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. F.N.B. Corp. shares valued at $20,274 were purchased by CAMPBELL WILLIAM B on Feb 28 ’24. At $13.52 per share, CAMPBELL WILLIAM B acquired 1,500 shares. The insider’s holdings grew to 146,888 shares worth approximately $1.92 million following the completion of this transaction.
Also, CAMPBELL WILLIAM B purchased 2,500 shares, netting a total of over 33,522 in proceeds. Following the buying of shares at $13.41 each, the insider now holds 145,388 shares.
As published in their initiating research note from BofA Securities on January 11, 2024, F.N.B. Corp. [FNB] has been a Buy and the price target has been revised to $15. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early April. As of December 13, 2022, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for FNB. Earlier on July 19, 2021, Jefferies downgraded its rating. Their new recommendation was “a Hold” for FNB stock which previously was a “a Buy”.
Analyzing FNB Stock Performance
During the last five days, there has been a drop of approximately -3.90%. Over the course of the year, F.N.B. Corp. shares have dropped approximately -5.16%. Shares of the company reached a 52-week high of $14.19 on 04/01/24 and a 52-week low of $12.61 on 02/07/24. A 50-day SMA is recorded $13.45, while a 200-day SMA reached $12.37. Nevertheless, trading volume fell to 2.61 million shares from 1.68 million shares the previous day.
Support And Resistance Levels for F.N.B. Corp. (FNB)
According to the 24-hour chart, there is a support level at 12.85, which, if violated, would cause prices to drop to 12.64. In the upper region, resistance lies at 13.38. The next price resistance is at 13.70. RSI (Relative Strength Index) is 37.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 91.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is F.N.B. Corp. subject to short interest?
Stocks of F.N.B. Corp. saw a sharp steep in short interest on Mar 15, 2024 dropping by 50000.0 shares to 9.69 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 9.74 million shares. A decline of -0.52% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.86 of the overall float, the days-to-cover ratio (short ratio) decline to 4.86.
