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FirstCash Holdings Inc (FCFS) Becoming More Attractive for Investors

FirstCash Holdings Inc’s filing revealed that its Director Rippel Douglas Richard unloaded Company’s shares for reported $2.07 million on Mar 15 ’24. In the deal valued at $118.73 per share,17,395 shares were sold. As a result of this transaction, Rippel Douglas Richard now holds 5,466,973 shares worth roughly $712.46 million.

Then, Rippel Douglas Richard sold 18,393 shares, generating $2,162,833 in total proceeds. Upon selling the shares at $117.59, the Director now owns 5,484,368 shares.

Before that, Rippel Douglas Richard sold 21,852 shares. FirstCash Holdings Inc shares valued at $2,620,055 were divested by the Director at a price of $119.90 per share. As a result of the transaction, Rippel Douglas Richard now holds 5,502,761 shares, worth roughly $717.12 million.

TD Cowen upgraded its FirstCash Holdings Inc [FCFS] rating to a Buy from a a Hold in a research note published on April 10, 2024; the price target was increased to $145 from $130. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early November with a ‘”a Market perform”‘ rating. Stephens also remained covering FCFS and has increased its forecast on January 05, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Credit Suisse started covering the stock on December 14, 2022. It rated FCFS as “a Neutral”.

Price Performance Review of FCFS

On Tuesday, FirstCash Holdings Inc [NASDAQ:FCFS] saw its stock fall -0.57% to $130.32. Over the last five days, the stock has gained 3.49%. FirstCash Holdings Inc shares have risen nearly 20.23% since the year began. Nevertheless, the stocks have risen 35.67% over the past one year. While a 52-week high of $133.46 was reached on 04/15/24, a 52-week low of $88.05 was recorded on 01/04/24. SMA at 50 days reached $120.52, while 200 days put it at $107.30. A total of 0.2 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For FCFS Stock

The 24-hour chart illustrates a support level at 129.43, which if violated will result in even more drops to 128.54. On the upside, there is a resistance level at 131.18. A further resistance level may holdings at 132.03. The Relative Strength Index (RSI) on the 14-day chart is 65.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.81%. Stochastics %K at 83.51% indicates the stock is a selling.

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