First Bancorp PR’s filing revealed that its Director LUZ CRESPO unloaded Company’s shares for reported $0.16 million on Mar 15 ’24. In the deal valued at $16.47 per share,10,000 shares were sold. As a result of this transaction, LUZ CRESPO now holds 50,055 shares worth roughly $0.83 million.
Then, ALEMAN AURELIO sold 50,000 shares, generating $858,295 in total proceeds. Upon selling the shares at $17.17, the President and CEO now owns 1,126,325 shares.
Before that, RIVERA NAYDA sold 15,000 shares. First Bancorp PR shares valued at $256,800 were divested by the EVP and CRO at a price of $17.12 per share. As a result of the transaction, RIVERA NAYDA now holds 246,930 shares, worth roughly $4.1 million.
Wells Fargo downgraded its First Bancorp PR [FBP] rating to an Equal weight from a an Overweight in a research note published on December 15, 2022; the price target was decreased to $14 from $17. Hovde Group began covering FBP with “an Outperform” recommendation on December 20, 2021. Wells Fargo started covering the stock on November 09, 2021. It rated FBP as “an Overweight”.
Price Performance Review of FBP
On Monday, First Bancorp PR [NYSE:FBP] saw its stock fall -0.30% to $16.60. Over the last five days, the stock has lost -4.10%. First Bancorp PR shares have risen nearly 0.91% since the year began. Nevertheless, the stocks have risen 46.64% over the past one year. While a 52-week high of $17.70 was reached on 03/06/24, a 52-week low of $10.18 was recorded on 01/17/24. SMA at 50 days reached $16.86, while 200 days put it at $15.15. A total of 0.67 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For FBP Stock
The 24-hour chart illustrates a support level at 16.35, which if violated will result in even more drops to 16.09. On the upside, there is a resistance level at 16.90. A further resistance level may holdings at 17.19. The Relative Strength Index (RSI) on the 14-day chart is 43.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.35%. Stochastics %K at 15.12% indicates the stock is a buying.
